Tellus Alpha Acquisition News Today

We deliver our final weekly recap for 2023 and extend heartfelt wishes to all of you for a smoother path ahead in 2024.

Novo Tellus Alpha Acquisition has become the third special purpose acquisition company firm to list in Singapore

<p><span>Singapore Exchange (SGX) is pleased to welcome the listing of Novo Tellus Alpha Acquisition (NTAA), as part of SGX’s first batch of Special Purpose Acquisition Company (SPAC) listings. NTAA will be listed on the SGX Mainboard under the stock code “NTU”.</span></p>

Updates from Indonesia’s BukuKas, Moladin, Julo and Bank Fama feature in this edition.

A lacklustre market debut for the first two blank-check companies to list in Singapore is raising some questions whether the excitement seen for such vehicles in the U.S. early last year will prevail in Asia.

The SPAC will seek targets sized between S$500 million ($372 million) and S$1 billion ($744 million) in the Indo-Pacific region.

Novo Tellus is offering 10 million units, each comprising one share and half a warrant, at $5 per unit. . Read more at straitstimes.com.

The SPAC has already secured S$80m from 13 investors who will subscribe for 16 million cornerstone shares at an offering price of S$5 apiece.