Fat Projects in a proxy filing seeks a deadline extension from April 15 by up to nine one-month extensions to Jan. 15, 2024.
Announced in August, the SPAC has a $135.7 million deal pending with Avanseus, which specializes in building enterprise solutions driven by analytics, artificial intelligence, machine learning, and cognitive computing.
Both companies are based in in Singapore.
Back in September, Fat Projects said it would try to raise up to $35 million in a PIPE to support the deal. The SPAC may also issue up to 1 million shares in private placements for a support pool.
Fat Projects raised $100 million in an October 2021 IPO. Read more.
