17Live to go public via a SPAC merger with Vertex Technology Acquisition in a $849m deal.

17Live, an entertainment company, to go public via a SPAC merger with Vertex Technology Acquisition, a publicly-traded special purpose acquisition company, in a $849m deal. “As a technology-driven live social entertainment platform, 17LIVE has made extensive investment to enhance its R&D capabilities and scalable technology stacks in order to effectively innovate its product offerings and ensure content and data security. We have over time refined our core capabilities whilst harnessing the vision of a live streaming ecosystem to better connect people anytime, anywhere. VTAC, with their strong expertise in technology has today, validated this vision as we take another step towards solidifying 17LIVE’s position as an innovative leader in the space. Listing on SGX-ST will allow 17LIVE to grow its businesses in Southeast Asia and globally. We believe this is a unique, exciting investment opportunity for investors.” Joseph Phua, 17LIVE Chairman and Co-Founder.