News Snapshot:
Pegasus Asia, Singapore’s second special purpose acquisition company, or SPAC, is set to begin trading on SGX on Friday, a day after the city-state’s first SPAC, Vertex Technology Acquisition Corp., or VTAC , made its debut. A SPAC is essentially a “blank check” company, which raises funds in a public offering and seeks businesses or other assets to acquire later. Pegasus Asia offered a total of 25.6 million units at S$5.00 each, raising gross proceeds of S$128 million, according to filings to SGX. The offering also has an over-allotment option for up to 4 million units, which has been exercised,...
