Aura FAT Projects Acquisition registered to offer 10 million units at $10 each. A unit consists of one Class A ordinary share and a warrant.
Aura Fat Projects intends to pursue emerging technology companies with an acute growth potential in Southeast Asia, Australia and New Zealand in sectors such as the Web 3.0, blockchain, cryptocurrency, digital ledger, e-gaming and other new financial technology and services sectors.
Co-CEO and Chairman Tristan Lo is a director of FP Two Investments and Holdings Limited, Fat Projects Two Capital and Fat Projects International Investments and Holdings Limited, each of which is an affiliate of the SPAC’s sponsor.
Co-CEO and CFO David Andrada co-founded Fat Projects Acquisition, which is listed on the Nasdaq, and serves as its Co-CEO, CFO and director. Andrada is a manager of Aura Fat Projects Capital, the SPAC’s sponsor.
EF Hutton is the underwriter for the offering.
The SPAC has applied to list its units, shares and warrants on the Nasdaq under the symbols AFARU, AFAR and AFARW. Read more.
