VTAC, also known as Vertex Holdings SPAC, is going to be the first main-board listed SPAC in Singapore. Based on the preliminary prospectus, it will be offering 11.8m Units at $5 each where 11.2m will be via placement and the balance for the Public Offer. 
Including the Sponsor and Cornerstone Units, the market cap of VTAC will be between $200 to $211.8m, depending on whether over-allotment is exercised. The book building exercise will end on 13 Jan 2022 and IPO will run from 14 Jan to 19 Jan 2022 and VTAC is expected to be listed on 21 Jan 2022.
Vertex is tasked to spearhead this initiative on SGX

It is natural that Vertex, being a wholly owned subsidiary of Temasek and a reputable manager in the venture capital space, was given the task of raising the first SPAC to ensure that it will be a roaring success. It cannot and must not follow the path...