Spacs are making a comeback on Wall Street, but Singapore should look the other away
July 14, 2026 / /
The lessons from the Republic’s previous experiment with blank-cheque companies still hold
[SINGAPORE] Imagine a promoter handing you a sealed cardboard box, and promising that he will venture out into the wild and find a spectacular, fast-growing tech firm to put inside it.
You hand over a pile of cash with the hope that you might land the next regional unicorn – while praying that you do not get a struggling business with shrinking revenues.
After two years of waiting, you might also simply get your money back, with interest but minus the administrative fees.
Posted in Fashion
