Nearly two-thirds of previous VTAC's independent shareholders chose to redeem their shares, even though they gave the go-ahead for the acquisition.
When all three spacs were launched for their IPO two years ago, they were all priced at $5 each.
17LIVE offers minor celebrities and other creators the platform to do live-streaming - a kind of company that is unique to the SGX.
The other two spacs, Pergasus Asia and Novo Tellus Alpha Acquisition closed Dec 8 at $4.80, down 0.21% and $4.88, down 0.2% respectively.
Both of these two spacs have yet to announce their business combination targets.
See also: Hong Kong's first de-spac listing still leaves sector in limbo
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