A third SPAC in Singapore has registered its final prospectus with the Monetary Authority of Singapore, paving the way for its listing on the Singapore Exchange mainboard, reports The Straits Times.
Novo Tellus Alpha Acquisition, a blank-check firm set up by Singapore-based buyout fund Novo Tellus Capital Partners, launched its initial public offering today.
The offer closes Jan 25.
NTAA is the third SPAC to go for a mainboard listing after Vertex Technology Acquisition and Pegasus Asia, after the exchange introduced its SPAC listing framework in September last year.
NTAA is offering 10 million units at $5 apiece, consisting of 9.5 million in the international placement tranche and 500,000 under the Singapore public offer. Read more.
