Vertex Technology Acquisition Corporation Ltd

Vertex Technology Acquisition Corporation Ltd (VTAC) aims to raise around US$126m via Singapore’s first SPAC listing. VTAC is sponsored by Vertex Venture Holdings (VVH), a wholly owned subsidiary of Temasek. The deal is already substantially covered by the 13 cornerstones having taken up 65% of the entire deal. As per media reports, the rest of the shares have been spoken for as well. With VVH’s background in VC investing, combined with its parent’s global reach, VTAC should be well positioned...