Singapore SPAC Novo Tellus Alpha Acquisition denies shutdown rumours

Singapore SPAC Novo Tellus Alpha Acquisition denies shutdown rumours

FILE PHOTO: View of the skyline in Singapore January 27, 2023. REUTERS/Caroline Chia/File Photo

Novo Tellus Alpha Acquisition, a Singapore-based special purpose acquisition company (SPAC), said on Wednesday it was still pursuing buyout targets, denying media reports that it was seeking to pull the plug on its operations.