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Temasek-Backed Vertex Wins Nod for SPAC Listing in Singapore

  • Vertex Venture incorporates a SPAC company in Cayman Islands
  • Firm plans to invest S$30 million via SPAC unit subscription

Temasek Holdings Pte-backed Vertex Venture Holdings Ltd. has become the first blank-check company sponsor in Singapore to receive an eligibility-to-list letter from the local exchange.

The firm has incorporated a company called Vertex Technology Acquisition Corporation Ltd. in the Cayman Islands as a special purpose acquisition company, according to a filing to the Singapore Exchange on Dec. 24. The listing is subject to certain conditions as well as the broader market environment.