Singapore VC’s SPAC Vickers Vantage I prices upsized $120 million US IPO

Vickers Vantage I, a blank check company formed by -based Vickers Venture Partners, raised $120 million by offering 12 million units at $10.

The company had originally planned to raise $100 million. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.

The company is led by CEO and Chairman , who co-founded Vickers Venture Partners and currently serves as a member of its Investment Committee. He is joined by CFO and Director , who serves as a Venture Principal at Vickers Venture and previously worked in consulting with ZS Associates. Vickers Vantage I did not identify a particular industry or geographic location, and says it will leverage the expertise and network of its sponsor to take advantage of deal flow, strong networks, and technical expertise (view Vickers’ portfolio).

Vickers Vantage I plans to list on the under the symbol VCKAU. LLC acted as lead manager on the deal.
Source: Renaissance Capital- Singapore VC’s SPAC Vickers Vantage I prices upsized $120 million US IPO