VTAC, SGX's pioneer SPAC, proposes business combination with leading live streaming platform 17LIVE Inc. (“17LIVE”)

Singapore, 2 Oct 2023 - Vertex Technology Acquisition Corporation Ltd (“VTAC” or “the Company”), a special purpose acquisition company (“SPAC”), and 17LIVE Holding Limited (the “Vendor”), announced today the signing of a conditional sale and purchase agreement (“SPA”) in connection with a proposed business combination ("Proposed Business Combination") that will result in 17LIVE Inc. (the “Target Company”) becoming a publicly listed company on the SGX-ST, subject to the approval of the SGX-ST and VTAC's shareholders at an extraordinary general meeting ("EGM") to be convened.

The proposed business combination will result in the first leading live streaming business being listed on the SGX-ST. 17LIVE is the top pure-play live-streaming platform in Japan and Taiwan by revenue.

More details on SGX.

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