Vertex plans 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$925.1mil, the so-called special purpose acquisition company (SPAC) said in a statement yesterday. Bloomberg News earlier reported on the deal, citing people familiar with the matter.