This comes on the back of Vertex Technologies Acquisition Corp (VTAC) and Pegasus Asia filing their prospectus on Jan 13.
Right after Singapore Exchange (SGX) announced the new framework for special purpose acquisition company (spac) listings last September, co-founder and managing partner of Singapore based private equity firm Novo Tellus Capital Partners Loke Wai San was among the first to express interest.
Novo Tellus Alpha Acquisition (NTAA), the spac sponsored by Novo Tellus, lodged its preliminary prospectus on Jan 20. The goal for the latter: To raise $150 million, based on the offer price of $5 and the post-initial public offer (IPO) share capital of 30 million shares.
