Vertex Ventures and Pegasus Asia have on Jan 6 have filed their respective preliminary prospectuses to kick start Spac listings on the Singapore Exchange.
Vertex Technology Acquisition Corporation (VTAC), which plans to raise some $200 million, is mandated to complete its initial business combination within 24 months from the listing date with a business having a core technology focus, highly differentiated products and scalable business models, with the aim to improve people’s lives by transforming businesses, markets and economies.
VTAC focuses on tech in the spaces of artificial intelligence; cyber security and enterprise solutions; consumer internet and technologies; financial technologies; autonomous driving and new-energy vehicles; and biomedical technologies digital healthcare.
