The list of requirements of SPAC Listing in Singapore

Posted by InCorp Global on January 27th, 2022

The Singapore Exchange (SGX) announced a new SPAC listing framework, which enables Special Purpose Acquisition Companies (SPACs) to be listed on the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST) effective 3 September 2021.

With the first application for a SPAC listing reaching our shores within the next couple of weeks, you might be interested to find out more about the relevant rules in Singapore for listing SPACs on the SGX-ST, and whether your business should consider going public using a SPAC.

This article will address the 8 key features of SGX’s SPAC listing framework, with some quick concluding thoughts about how the new framework could affect your decision to go public via a SPAC in Singapore.

What are SPACs?

Special Purpose Acquisition Companies (SPACs) are shell (or blank cheque) companies with no prior operating history, business or assets. SPACs raise funds through an IPO to acquire valuable or promising companies within a limited time frame (also known as ‘de-SPAC’). SPACs are typically listed with free detachable warrants, which are exercisable at a premium to IPO price, for an additional upside if the de-SPAC performs well.

Read the full version of this article about SPAC listing at InCorp Global.