Vertex Technology Acquisition Corp (VTAC), a SPAC focussing on cybersecurity, fintech and other sectors, said on Thursday it aimed to raise at least about S$170 million ($125 million) by selling units at S$5 apiece.
The source declined to be identified as he was not authorised to speak to the media.
There was no immediate response to a query sent to Vertex Venture Holdings.
($1 = 1.3599 Singapore dollars)
(Reporting by Anshuman Daga; Editing by Christian Schmollinger)