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
