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About 62.5% of shares in VTAC have been redeemed prior to the despac

Samantha Chiew
Samantha Chiew • 2 min read
About 62.5% of shares in VTAC have been redeemed prior to the despac
62.5% of VTAC shares have been redeemed. Photo: VTAC
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Vertex Technology Acquisition Corporation (VTAC) on Dec 1 announced that 26,016,200 share or 62.53% of the company’s issued share capital of a total of 41,606,000 shares have been redeemed, as at Nov 29 (redemption record date).

The non-redeeming shareholders who hold the remaining 15,589,800 shares at the redemption record date will be entitled to the additional warrants. The non-redeeming shareholders (excluding Vertex SPV) who hold the remaining 9,589,800 Shares as at Nov 29 will be entitled to the special bonus NRS shares.

VTAC will hold its extraordinary general meeting (EGM) on Dec 1, where shareholders will vote for VTAC to complete its business combination with live streaming platform 17Live.

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