Each unit has an offering price of $5.00 and comprises one Class A share a 0.5 of one public warrant. Each warrant entitles the holder to subscribe for one Class A Share at a price of $5.75 per Class A share
Novo Tellus Capital Partners has finally registered its initial public offering (IPO) for its special purpose acquisition company (spac) Novo Tellus Alpha Acquisition (NTAA) on Jan 20. This is just a week after Vertex Holdings and Tikehau Capital launched theirs.
As the third spac vehicle listing on the Singapore Exchange (SGX), Novo Tellus is offering 10 million offer units (or 12 million if the over-allotment option is exercised in full). The 10 million units comprises 9.5 million offering units under the international offering and 0.5 million units under the Singapore public offer.
