Singapore-based Synagistics, known for its ecommerce platform Synagie, began trading on the Stock Exchange of Hong Kong (SEHK) on October 30.

This marked the first successful de-SPAC listing on SEHK, with shares having an initial price of HK$20 (US$2.56), reaching an intra-day peak of HK$50.05 (US$6.40).

Shareholders of the Hong Kong Acquisition Corporation, a special purpose acquisition company (SPAC), approved the merger in a meeting on October 25.

Following the merger, the company was renamed Synagistics, and its shares are now listed under the new name.

Operating in markets such as Singapore, Malaysia, and Indonesia, Synagistics provides digital solutions through a direct-to-brands approach and manages ecommerce operations for various brands.