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Vertex Technology Acquisition Corporation (VTAC)
SPACs
Pegasus Asia to dissolve its spac. Will Novo Tellus follow suit? (update)
Should the spacs be dissolved, investors’ funds will be returned.
December 20, 2023
SPACs
17LIVE, first despac here, ends trading debut at $3.15, down nearly a fifth
All three spacs were offered at their respective IPO at $5 per share
December 08, 2023
SPACs
VTAC will trade under the name 17LIVE from Dec 8 onwards
The move comes after the special resolution at VTAC’s EGM were passed.
December 05, 2023
SPACs
Singapore’s first despac merger gets nod from shareholders
Earlier today, VTAC announced that 62.53% of the company’s issued share capital have been redeemed.
December 01, 2023
IPO
About 62.5% of shares in VTAC have been redeemed prior to the despac
Shareholders representing 62.5% in VTAC have exercised their redemption rights prior to despac.
December 01, 2023
Digital Economy
VTAC readies for EGM as 17LIVE puts the spotlight on creator economy
If shareholders vote in favour of the proposed transactions, the resulting entity will trade under the new name “17LIVE Group”.
November 21, 2023
SPACs
PhillipCapital recommends VTAC’s shareholders vote in favour of 17LIVE acquisition
The team adds that VTAC’s shareholders should fully redeem their shares at the redemption price range of $5 to $5.02 per share.
November 20, 2023
Results
17LIVE reports deeper loss of US$118.2 mil for 1HFY2023; gross profit margin improved
The company posted an adjusted profit of US$9.4 million reversing from the US$4.0 million loss in the six-month period.
October 24, 2023
SPACs
17LIVE aims for SGX billion-dollar club with VTAC’s de-spac
17LIVE was chosen for its innovative technology, robust revenue base and growth potential.
October 05, 2023
SPACs
VTAC proposes business combination with live streaming platform 17LIVE
Under the SPA, VTAC will acquire 17LIVE’s shares for $925.1 million.
October 02, 2023