Aura FAT Projects Acquisition priced its initial public offering of 10 million units at $10 each. The units begin listing today on the Nasdaq and trade under the ticker symbol AFARU. Each consists of one Class A ordinary share and a warrant exercisable at $11.50.
Once the securities begin separate trading, shares and warrants are expected to be listed under the symbols AFAR and AFARW.
The SPAC intends to focus its search on new emerging technology companies with an acute growth potential in Southeast Asia and Australia in sectors such as the Web 3.0, blockchain, cryptocurrency, digital ledger, e-gaming and other new financial technology and services sectors.
EF Hutton is the sole book running manager for the offering. Read more.
