Albert Chang
About Albert Chang
Albert Chang is an independent director of IGTA, serving since March 4, 2021. He is 38 years old (as of the record date in the 2025 proxy), with a venture capital and TMT background; he is Vice President at Insight Soul Partners (since June 2020), and previously held roles at Kenetic Capital, Pacific Century Group, PCCW Solutions, and PCCW Corporate. He holds a Master in International Health Management from Imperial College Business School (2010) and a Bachelor in Psychology from the University of Warwick (2009) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Insight Soul Partners | Vice President | Jun 2020–present | Technology venture fund; current external role |
| Kenetic Capital | Vice President | Oct 2017–Dec 2018 | Led seed investment into BlockFi |
| Pacific Century Group | Analyst (Corp. finance/VC/M&A) | Mar 2014–Oct 2017 | Executed Series D in Tokopedia for PCG |
| PCCW Solutions | Strategic Development Analyst | Apr 2012–Aug 2014 | TMT focus in Hong Kong/Mainland China |
| PCCW Corporate | M&A Analyst | Aug 2012–Mar 2014 | TMT-focused M&A |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Insight Soul Partners | Vice President | Jun 2020–present | Technology venture fund (non-IGTA employment) |
No other public company board roles for Mr. Chang are disclosed in IGTA’s proxy .
Board Governance
- Independence: IGTA identifies three independent directors, including Albert Chang, per Nasdaq rules .
- Committee assignments:
- Audit Committee member (chair: Yan Xu; Xu designated as audit committee financial expert) .
- Compensation Committee chair (all independent directors; empowered to hire independent advisors subject to independence assessment) .
- Nominating Committee member (chair: Michael Lawrence Coyne) .
- Related party transaction oversight and conflict safeguards:
- Audit Committee reviews/approves related-party transactions and quarterly reviews payments to sponsor/affiliates .
- Fairness opinion required for any business combination with an affiliate of sponsor, officers, or directors .
- Company states it has not yet adopted a formal RPT policy but describes audit committee approval procedures and code of ethics addressing conflicts .
Fixed Compensation
| Component | Amount/Terms | Notes |
|---|---|---|
| Director cash retainers | $0 | “None of our directors or executive officers has received any compensation from us” |
| Committee/Chair fees | $0 | No director fees disclosed pre-business combination |
| Benefits/perquisites | None | No benefit plans; no perquisites disclosed |
| Reimbursements | Allowed | Reimbursement for out-of-pocket expenses; no cap other than available proceeds outside trust; reimbursed only if business combination consummates |
| Sponsor admin fee (context) | $10,000/month to sponsor affiliate | For office space, utilities, admin support (SPAC context; not paid to directors personally) |
Performance Compensation
| Instrument/Plan | Grant Date | Quantity/Value | Vesting/Terms | Performance Metrics |
|---|---|---|---|---|
| Equity awards to directors | N/A | None granted | N/A | N/A |
| Options to directors | N/A | None granted | N/A | N/A |
| Executive/Director incentive plans | N/A | None | Company has not granted equity-based awards; no incentive plans disclosed pre-business combination |
Other Directorships & Interlocks
| Company | Exchange/Ticker | Role | Committee Roles | Notes/Interlocks |
|---|---|---|---|---|
| — | — | — | — | No other public company directorships for Albert Chang are disclosed in IGTA’s proxy |
Expertise & Qualifications
- Venture and TMT investing; seed and growth-stage execution (BlockFi seed, Tokopedia Series D) .
- Corporate finance and M&A experience across Asia TMT ecosystem (PCG, PCCW) .
- Academic credentials from Imperial College Business School (MSc) and University of Warwick (BSc) .
Equity Ownership
| As-of Date (Proxy) | Shares Beneficially Owned | % of Outstanding | Shares Outstanding (context) |
|---|---|---|---|
| May 12, 2025 | 25,000 | <1% | 2,917,490 |
| Sep 15, 2025 | 25,000 | <1% | 2,814,162 |
Ownership is reported at the named individual level; the sponsor (Soul Venture Partners LLC) holds a significant stake but is controlled by the CEO (Cheuk Hang Chow), not Mr. Chang .
Governance Assessment
-
Positive indicators
- Independent status and multi-committee service, including chairing the Compensation Committee, support board oversight breadth .
- Audit Committee structure meets Nasdaq independence/literacy standards; presence of an SEC-defined “financial expert” (Yan Xu) strengthens financial oversight .
- SPAC-specific conflict mitigants include mandatory fairness opinions for affiliate deals and quarterly audit committee reviews of sponsor/affiliate payments .
-
Watch items / potential red flags
- No formal related-party transaction policy adopted (though audit committee approval procedures exist); formalization would improve governance clarity .
- Pre-business combination model pays a $10,000/month admin fee to a sponsor affiliate; while common for SPACs and audited quarterly, investors should monitor for potential conflicts over time .
- Director compensation and equity awards are not paid/granted pre-business combination; incentive alignment rests on relatively small individual shareholdings (25,000 shares, <1%) pending the de-SPAC outcome .
-
Not disclosed (information gap)
- Board and committee attendance rates; meeting counts [Search returned none].
- Director stock ownership guidelines, hedging/pledging policies, clawback provisions specific to directors .
- Say-on-pay history (not applicable pre-business combination) .
Overall: Mr. Chang brings relevant VC/TMT deal experience and chairs the Compensation Committee, but investors should note SPAC-typical conflict structures (sponsor admin fees; founder share history) and the absence of a formal RPT policy. Alignment through personal share ownership is modest pre-business combination; ongoing monitoring post-transaction will be important .