Phua is the co-founder of 17Live, a current chairman of the board and the previous CEO, before Lien. Phua will step up and will provide executive leadership to further grow the business of the company and create synergistic returns.
“17LIVE is the top live-streaming platform in Japan and Taiwan. Having led the Company through its various phases of growth since its founding through the last eight years, as co-founder, CEO and chairman, I am confident I will be able to drive the company to greater heights alongside our experienced team.” Says Phua.
Shares in 17Live are last traded at $1.25, a significant drop from the spac’s IPO price of $5.00.