VTAC, on Jan 19, saw its public offer of 600,000 units was 36 times subscribed as balloting closed on Jan 18. The placement tranche of 11.2 million units was 8.8 times subscribed.
Shares in Singapore’s first special purpose acquisition company (SPAC) Vertex Technology Acquisition Corporation (VTAC) opened at $5.25 on its first day of trading on the Mainboard of the Singapore Exchange (SGX) on Jan 20, and closed at $5.05. The SPAC is trading under the stock code, "VTA".
The price is 5% higher than VTAC’s offer price of $5. The offer price comprises one ordinary share and 0.3 warrant share, with an additional right to 0.2 of one warrant per share.
