Aura FAT Projects Acquisition closed its initial public offering of 10 million units at $10 each. The underwriters exercised their over-allotment option in full for an additional 1.5 million units. As a result, gross proceeds are $115 million, prior to underwriting discounts, commissions, and other expenses.
The units list on the Nasdaq under the ticker symbol AFARU.
The SPAC intends to focus its search on new emerging technology companies with an acute growth potential in Southeast Asia and Australasia in sectors such as the Web 3.0, blockchain, cryptocurrency, digital ledger, e-gaming and other new financial technology and services sectors.
EF Hutton was sole book-running manager for the offering. Read more.
