Pegasus Asia is offering 25.6m units at $5 each. Each unit will comprise one share and half a warrant. 25m Units will be via placement and 600,000 Units will be via a public offer. The public offer will close on 19 Jan at 12pm and will commence trading on 21 Jan 2022 at 9am. The market cap will be around $150m.  There is an over-allotment option of up to 4m Units. This will be the second SPAC after VTAC to be listed on SGX.
While I like the logo, this Prospectus is a "wasted" opportunity
Compared to the VTAC prospectus, this issuance paled in comparison.  Pegasus Asia failed to make use of the gatefolds to better explain their story and intent whereas VTAC had 7 pages of colorful infographics to tell its story, so kudos to the VTAC team!
Given the SPAC has no businesses to evaluate and is basically a shell company...