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Spac/blank-cheque company

China firms set for record US listings, undeterred by geopolitics

In April, bubble tea chain Chagee debuted on the Nasdaq after raising US$411 million in the biggest IPO of a Chinese firm in the US in 2025.
In April, bubble tea chain Chagee debuted on the Nasdaq after raising US$411 million in the biggest IPO of a Chinese firm in the US in 2025.

Pipeline of start-ups could drive listings in S’pore via the Spac framework

The Spacs fever died down in 2022 and 2023 but activity appears to be picking up again in 2024.
The Spacs fever died down in 2022 and 2023 but activity appears to be picking up again in 2024.

Novo Tellus Spac to pay redemption price of $5.18 for Class A shares

NTAA was one of three Spacs listed on  SGX in January 2022, alongside Pegasus Asia and Vertex Technology Acquisition Corporation.
NTAA was one of three Spacs listed on  SGX in January 2022, alongside Pegasus Asia and Vertex Technology Acquisition Corporation.

Novo Tellus Spac to dissolve, citing market conditions

This makes Vertex Technology Acquisition Corporation the sole Singapore-listed Spac to successfully complete a business combination.
This makes Vertex Technology Acquisition Corporation the sole Singapore-listed Spac to successfully complete a business combination.

Despite dissolving of Pegasus Asia, Spac framework is here to stay: SGX

Singapore-listed Spacs have until January 2024 to announce their potential business combination.
Singapore-listed Spacs have until January 2024 to announce their potential business combination.

17Live drops in trading debut on SGX after acquisition by VTAC Spac

Now trading as 17Live, the counter was down eight cents or 2.1 per cent at $3.80 as at 9.31am.
Now trading as 17Live, the counter was down eight cents or 2.1 per cent at $3.80 as at 9.31am.

VTAC Spac to pay redemption price of $5.01 on Dec 8

Independent VTAC shareholders are redeeming nearly all their share capital.
Independent VTAC shareholders are redeeming nearly all their share capital.

VTAC shareholders vote to buy live-streaming app 17Live for Singapore’s first Spac merger

At an extraordinary general meeting on Dec 1, 95.53 per cent of VTAC shareholders voted to acquire 17Live.
At an extraordinary general meeting on Dec 1, 95.53 per cent of VTAC shareholders voted to acquire 17Live.

Explainer

What to know as shareholders of Temasek-backed VTAC vote to buy live-streaming app 17Live

 A V-Liver performance at 17Live's first physical event in Singapore on Nov 20.
 A V-Liver performance at 17Live's first physical event in Singapore on Nov 20.

VTAC draws down $10.4 million of interest earned, 17Live EGM to be held on Dec 1

17Live generated operating revenue of US$363.7 million for FY2022, down from US$497.8 million in FY2021.
17Live generated operating revenue of US$363.7 million for FY2022, down from US$497.8 million in FY2021.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.