The Latest SPAC News and Rumors: January 6, 2022

Jan 6, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Vertex set to be first SPAC to list in Singapore; Delaware Chancery Court opens door to liability for SPACs

Temasek-Backed Vertex Set to Be First SPAC to List in Singapore

Singapore is about to get its first blank-check company listing, as Vertex Technology Acquisition Corporation Ltd. is seeking to raise at least S$170 million ($125 million) through the sale of units.

The company, sponsored by state investor Temasek Holdings Pte.’s Vertex Venture Holdings Ltd., is offering 34 million units at S$5 each, according to terms of the deal obtained by Bloomberg News. If the green-shoe option is exercised, the amount could increase to S$182 million.

Delaware Chancery Court Opens Door to Liability for SPAC Sponsors

Delaware’s Chancery Court has just put special purpose acquisition company insiders on notice: If they don’t tell the whole truth about proposed deals, they may be on the hook to investors.

Vice Chancellor Lori Will ruled Tuesday in In re MultiPlan Corp Stockholders Litigation that investors in the Churchill Capital Corp III SPAC can move forward with claims that the SPAC’s insiders, including former Citigroup Inc executive Michael Klein, breached their fiduciary duties by failing to disclose critical information about the SPAC’s target, the healthcare cost management company MultiPlan Corp.

The Latest SPAC News and Rumors: January 6, 2022

The Latest SPAC News and Rumors: January 6, 2022

Latest SPAC News: Vertex set to be first SPAC to list in Singapore; Delaware Chancery Court opens door to liability for SPACs

Temasek-Backed Vertex Set to Be First SPAC to List in Singapore

Delaware Chancery Court Opens Door to Liability for SPAC Sponsors

ByMarlena Haddad