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A shell company that exists to merge with a private tech firm and take it public, like a financial matchmaker for IPOs.
No revenue to speak of — SGD 0.00B in 2024 and 2023, with net losses of SGD -0.01B each year. Money isn't coming in; it's going out.
No product, no customers, no technology — just a listing vehicle. Anyone can form a SPAC, so there's nothing stopping competitors like BlackRock or Goldman Sachs from doing the same.
