VERTEX Technology Acquisition Corp (VTAC), Singapore’s pioneering special purpose acquisition company (Spac), announced its intention to merge with 17Live Holding Ltd (17Live) and acquire all issued share capital of 17Live Inc. This charts a significant development in the Spac landscape.
As Singapore’s first Spac, VTAC made its market debut on 20 January 2022 amid a global interest in blank-cheque companies. With an initial public offering (IPO) price set at S$5 per share, it succeeded in raising S$208 million in gross proceeds. IPO participants received one ordinary share plus a fraction of a warrant per share.
This article aims to share vital considerations for retail investors who have engaged...
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