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Singapore’s Vertex Sponsored SPAC Debuts Four Months After Rule Change

vertex spac
  • January 24, 2022
  • Insights, Investments - M&A

Vertex Technology Acquisition Corporation (VTAC) is sponsored by Temasek’s wholly-owned subsidiary, Vertex Venture Holdings.  VTAC is Singapore’s first blank-check company which began trading four months after the stock exchange launched new rules allowing SPAC listings.  The company’s initial offering of 11.8M units with a price of $5 Singapore dollars, opened at $5.25 before settling at $5.05 at market close.

Singapore’s First SPAC Debuts Four Months After Rule Change, Closes 1% Higher

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