Inactive Instrument

VERX TECHPAR

Equities

VT1

KYG9481M1298

Singapore SPAC Vertex Technology to buy streaming platform for up to $676 million

October 01, 2023 at 11:30 pm EDT

(Reuters) - Singapore's Vertex Technology Acquisition Corp signed a deal to buy live streaming platform 17LIVE Inc for up to S$925.1 million (about $676 million), the special purpose acquisition company (SPAC) backed by state-investor Temasek said on Monday.

($1 = 1.3682 Singapore dollars)

(Reporting by Adwitiya Srivastava in Bengaluru; Editing by Savio D'Souza)

Latest news about VERX TECHPAR

Singapore Shares Rally Over 1% Tracking Wall Street Gains; 17Live Group Shares Fall 19% at Close on Debut Day	Dec. 08	MT
17Live Group Shuffles Top Leadership Following Debut on Singapore Bourse	Dec. 07	MT
17Live Group Debuts on Singapore Exchange Following Acquisition by VTAC Spac	Dec. 07	MT
17LIVE Group Limited Announces the Resignation of Sito Tuck Wai as Chief Financial Officer	Dec. 07	CI
17LIVE Group Limited Announces the Resignation of Low Seow Juan as Independent Director	Dec. 07	CI
17LIVE Group Limited Announces the Resignation of Anupama Sawhney as Non-Independent Non-Executive Director	Dec. 07	CI
17LIVE Group Limited Announces the Resignation of Jiang Honghui as Chief Executive Officer	Dec. 07	CI
17LIVE Group Limited Announces the Resignation of Jiang Honghui as Executive Director	Dec. 07	CI
Vertex Technology Acquisition Corporation Ltd. Announces Appointment of Ng Jing Shen as Chief Technology Officer	Dec. 07	CI
17LIVE Group Limited Appoints Kenta Masuda as Chief Financial Officer	Dec. 07	CI
Vertex Technology Acquisition Corporation Ltd. Announces Appointment of Hideto Mizuno as Independent Non-Executive Director and A Member of the Nominating and Remuneration Committees	Dec. 07	CI
17LIVE Group Limited Appoints Lien Chien-Lin as Chief Executive Officer	Dec. 07	CI
Vertex Technology Acquisition Corporation Ltd. Appoints Phua Jiexian, Joseph as Non-Executive Chairman	Dec. 07	CI
17LIVE Group Limited Announces Executive Changes and Reconstitution of Board Committees	Dec. 07	CI
17LIVE Group Limited Announces the Change of Principal Place of Business	Dec. 07	CI
17LIVE Inc. completed the acquisition of Vertex Technology Acquisition Corporation Ltd..	Dec. 06	CI
Vertex Technology Acquisition Corporation Ltd. has Changed its Name to 17LIVE Group Limited	Dec. 01	CI
Vertex Technology Acquisition Corporation Ltd. Announces Executive Changes	Dec. 01	CI
Vertex Technology Calls for Trading Suspension on Singapore Bourse	Nov. 27	MT
Vertex Technology Secures Conditional Approval for Mainboard Listing of Shares in PIPE Placement	Nov. 26	MT
Vertex Technology Acquisition to Raise SG$3 Million from Share Placement	Nov. 20	MT
Singapore Stocks Remain in Red; CapAllianz Shares Plummet 33% as Proposed Placement to Raise $3 Million Lapses	23-10-03	MT
Vertex Technology Acquisition to Acquire Taiwanese Live Streaming Platform for SG$925 Million	23-10-03	MT
Shell company Vertex Tech to buy streaming platform in landmark deal for Singapore	23-10-01	RE
Singapore SPAC Vertex Technology to buy streaming platform for up to $676 million	23-10-01	RE

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Vertex Technology Acquisition Corporation Ltd is a special purpose investment vehicle intended to provide public market investors with access to a value-creating business at a fast growth stage of its life cycle and at the forefront of technological transformation. The prospective target business would have a core technology focus, highly differentiated products and a scalable business model that aims to improve people's lives by transforming businesses, markets and economies.

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