Singapore’s 1st acquisition of a target company by a SPAC transaction – 17LIVE’s approximately S$923 million business combination with Vertex Technology Acquisition Corporation Ltd, and the listing of the resulting issuer 17LIVE Group Limited on the Singapore Exchange.

Rajah & Tann Singapore 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. Partners Raymond Tong, Brian Ng, Jasselyn Seet and Goh Junyi from the Capital Markets / Mergers & Acquisitions Practice are leading the transaction, with Partner Benjamin Cheong advising on the Technology, Media & Telecommunications aspects of the transaction. They are assisted by assisted by Associates Bethanie Yeap and Brendon Chan  (Capital Markets / Mergers & Acquisitions), and Ang Wei En and Claire Tan (Technology, Media & Telecommunications).