The clock is ticking for Singapore’s pioneer Spacs
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AS THE three Singapore-listed Special Purpose Acquisition Companies (Spacs) conduct their annual general meetings (AGMs) this month, top of mind for shareholders is whether the sponsors have gotten anywhere close to finding a target to acquire.
With about nine months to the deadline and global macroeconomic headwinds getting stronger, the window for a successful de-Spac appears to be shrinking by the minute.
In their pre-AGM replies to shareholders, the Spacs’ sponsors said they have yet to enter any binding acquisition agreement with a target.
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