VTAC focuses on tech in the spaces of artificial intelligence; cyber security and enterprise solutions; consumer internet and technologies; financial technologies; autonomous driving and new-energy vehicles; and biomedical technologies digital healthcare.
Vertex Ventures and Pegasus Asia have on Jan 6 have filed their respective preliminary prospectuses to kick start Spac listings on the Singapore Exchange.
Vertex Technology Acquisition Corporation (VTAC), which plans to raise some $200 million, is mandated to complete its initial business combination within 24 months from the listing date with a business having a core technology focus, highly differentiated products and scalable business models, with the aim to improve people’s lives by transforming businesses, markets and economies.
