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Singapore Institute of Advanced Medicine Holdings Ltd

Singapore Institute of Advanced Medicine Holdings Ltd ("Sam" or the "Company") is offering 114m new shares comprising 4.415m Public Offer Shares and 109.585m Placement Shares at $0.23 each for a listing on Catalist.  The Company aims to raise $26.2m and the majority of the proceeds will be used to repay debt and the balance for working capital. The market cap based on the IPO price is $231.8m and the offer will close on 14 Feb at 12 noon and starts trading on 16 Feb 2024 at 9am.   Principal Business SAM is a healthcare service provider using advanced technology for early and accurate diagnosis to detect and treat cancer, neurodegenerative and cardiovascular diseases.  SAM has strategic collaborations with public and private institutions for research and clinical work.  SAM's goal is to create a comprehensive one-stop ambulatory cancer centre to undertake the challenges to fight cancer and is one of the first to adopt proto beam therapy treatment in Singapore. Fi
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VTAC - Balloting Results

Vertex Technology Acquisition Corporation Ltd ("VTAC"), a special purpose acquisition company ("SPAC") incorporated for the purpose of effecting an initial business combination, is pleased to announce that it has successfully completed, and received strong demand, for its International Placement and Public Offering.

The Public Offering of 0.6 million Units was approximately 36.0 times subscribed. The International Placement of 11.2 million Units was approximately 8.8 times subscribed.

VTAC Chairman Mr. CHUA Kee Lock (蔡其乐) said, "We believe the strong demand for Units in VTAC underscores the trust that investors have in the competence of our management and the value of our Sponsor's global network, well-established shareholder ecosystem and deep local expertise. The positive result from our IPO is only the beginning. From here on we will focus on achieving a successful initial business combination and seek to create long-term value for the target company and our stakeholders."

The Over-Allotment option was also exercised and additional 2.36m units were issued. The balloting table for the public offer is as below:



Investors who applied for the shares will have a 24% chance of being allotted. Investors who applied for $100,000 or 20,000 shares will get 1,500 shares.

It will be interesting to see how the share price trades when it is listed at 2pm tomorrow as fundamentally, there is no reason why it should trade above $5.

Happy VTACing
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