Vertex Technology Acquisition Corporation Ltd Tear Sheet - Singapore’s First SPAC Listing

Forensic Analyst

Jason Yap, CFA

Forensic Accounting

Vertex Technology Acquisition Corporation / Forensic Accounting

Vertex Technology Acquisition Corporation (VTAC SP)

Vertex Technology Acquisition Corporation

<ul>
<li>Two special purpose acquisition companies (SPACs) commenced trading in Singapore in the past week, with a third SPAC to soon follow.</li>
<li>Vertex announced that it secured a key waiver from SGX SPAC rules prohibiting its top executives from selling shares immediately after the de-SPAC combination.</li>
<li>We examine a case for stricter adherence to SGX SPAC rules for better corporate governance and alignment of interests between sponsors and investors, with waivers granted on an exceptional basis.</li>
</ul>


Two special purpose acquisition companies (SPACs) commenced trading in Singapore in the past week, with a third SPAC to soon follow.
Vertex announced that it secured a key waiver from SGX SPAC rules prohibiting its top executives from selling shares immediately after the de-SPAC combination.
We examine a case for stricter adherence to SGX SPAC rules for better corporate governance and alignment of interests between sponsors and investors, with waivers granted on an exceptional basis.


Singapore SPAC Governance - Slow Down on the Moratorium Waivers