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What is a SPAC? This and other FAQs answered

Felicia Tan & SGX
Felicia Tan & SGX • 8 min read
What is a SPAC? This and other FAQs answered
In March 2022, the three SGX-listed SPACs will undergo detachment. Find out what it means here.
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In March 2022, the three Singapore Exchange (SGX)-listed special purpose acquisition companies (SPACs) will undergo detachment where they will split into SPAC shares and SPAC fractional warrants.

Units in Pegasus and Vertex Technology Acquisition Corporation (VTAC) will detach on March 7, while units in Novo Tellus will detach on March 14.

The detachments will be the first batch on the SGX.

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