Unable to acquire/merge, Singapore SPAC Pegasus Asia to shut down

Unable to acquire/merge, Singapore SPAC Pegasus Asia to shut down

Singapore. Photo by Mike Enerio on Unsplash

Pegasus Asia, a Singapore-based special purpose acquisition company (SPAC) backed by alternative asset manager Tikehau Capital, said on Wednesday it would not make an acquisition by a Jan 20 deadline and would close down.