SPAC specific obligations

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....until consummation of the SPAC's business combination. (2) The proceeds kept in the escrow account shall be invested only in short-term investment grade liquid instruments, as disclosed in the offer document. (3) The interest and other income derived from the proceeds placed in the escrow account may be withdrawn by the SPAC only for the following purposes: (a) Payment of taxes; and....

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....erest and other material information; (b) Information about the business combination transaction including valuation of the entities and the methodologies used for valuation; (c) Information about the process involved in the business combination and the various regulatory and statutory approvals required for completion of the transaction; (d) Information about the result....

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....e shareholders (other than sponsors) for converting their securities into a pro rata portion of the aggregate amount held in the escrow account (net of taxes payable). (8) The SPAC shall complete the business combination within the timeline disclosed in the offer document, which shall not exceed thirty six months from the date of listing on the recognised stock exchange(s). (9) Where the bus....

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....ll ensure that there is no related party transaction or connection of sponsor or any of their associates with the business combination. (13) Where warrants have been issued in the IPO, the SPAC shall comply with the following: (a) Each unit shall consist of one share and not more than one share purchase warrants; (b) The exercise price of the warrants shall not be lower than t....