Vertex has launched the first Singapore SPAC, offering 11.2m units via placement and 0.6m units in a public offering. Each share is priced at $5 per unit and the IPO will close on 18 Jan 2022 at 12pm. VTAC will commence trading at 2pm on 20 Jan 2022.

VTAC Timeline of events

I have previously covered the Vertex SPAC here with a 2 Chilli ratings, hence will not do it again. If you want to participate in the poll on whether you will subscribe to VTAC, the link is here. My conclusion is that given the small float of 0.6m, it will be quite difficult to get the shares. I have applied for the placement tranche and received nothing. I will be giving the public offering a miss as I have a few priorities that needed cash, including the de-coupling i spoke about. It takes 3 SPACs to entrench the market? There will be 3 SPACs coming to market in January:...