Vertex spac eyeing other firms, to announce in due time

On Sept 15, The Edge Singapore was informed by iGet that the company’s planned IPO in 2024 would not be via spacs.

Vertex Technology Acquisition Corp VT1 (VTAC) has clarified that iGet Entertainment is not one of its potential business combination targets.

The spac is referring to The Edge Singapore’s article — “Will Singapore-listed spacs make their move or fold?” published Sept 14 — which provides an example of “new media” companies that VTAC may have its eyes on, according to information from industry sources.

On Sept 15, The Edge Singapore was informed by iGet co-founder Alan Chan that the company’s planned IPO in 2024 would not be via a business merger with spacs.

VTAC says it will make further announcements when there are material developments.

As at 3pm, shares in VTAC are trading flat at $4.70.

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