01 Dec 2023

17LIVE’s approximately S$923 million business combination with Vertex Technology Acquisition Corporation Ltd – Singapore’s first de-SPAC merger

Partners Raymond Tong, Brian Ng, Jasselyn Seet and Goh Junyi from the Capital Markets / Mergers & Acquisitions Practice, alongside Partner Benjamin Cheong from the Technology, Media & Telecommunications Practice acted for 17LIVE Inc. in its S$922.9 million first de-SPAC merger in Singapore involving the acquisition by Vertex Technology Acquisition Corporation Ltd (VTAC), a special purpose acquisition company (SPAC) listed on the SGX-ST. The shares of the resulting issuer, 17LIVE Group Limited, has commenced trading on the SGX-ST following the successful completion of the business combination.