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Tikehau's Pegasus Asia lodges prospectus for S$150m SPAC
It is the second player to lodge a prospectus for a SPAC listing on the Singapore Exchange, just hours after Vertex Technology Acquisition Corporation, the vehicle by Temasek-backed Vertex Venture Holdings.
A market capitalisation of S$150 million is expected upon listing, with all of the offering proceeds to be held in escrow. It plans to raise 1 million units by way of a public offer.