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Singapore's spacs have a magic shield

Nirgunan Tiruchelvam
Nirgunan Tiruchelvam6/1/2022 08:32 PM GMT+08  • 4 min read
Singapore's spacs have a magic shield
Captain America was written off without his weapon. This resembles the sell-off in the spacs / Photo: CÉSAR HERNÁNDEZ ON UNSPLASH
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I nvestors in Singapore’s battered special purpose acquisition companies (spacs) may find wisdom in comic books. Captain America is a super-hero whose exploits have been featured in movies.

He is an immensely muscular and agile soldier. Captain America saves the world from alien terrorists. His main asset is a shield with the American flag as an emblem.

The shield acts as an offensive and defensive weapon. The shield is indestructible. It can absorb machine-gun fire. Bullets bounce off it.

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