Tech outfit Vertex plans Singapore’s first SPAC merger with Taiwan firm

SINGAPORE: Singapore-listed Vertex Technology Acquisition Corp. has proposed a merger with Taiwanese live streaming platform 17Live Inc., on track to become the city state’s first blank-check firm to acquire a target.

Vertex will take over 17Live for S$925.1 million ($676 million), the so-called special purpose acquisition company said in a statement Monday. Bloomberg News earlier reported on the deal, citing people familiar with the matter.