The blank cheque company has a keen interest in new emerging technology companies, with acute growth potential in Southeast Asia and Australasia in sectors such as the Web3, blockchain, cryptocurrency, digital ledger, e-gaming and other new financial technology and services industries.
Aura FAT Projects Acquisition Corp, a Special Purpose Acquisition Company (SPAC) announced that it has raised US$100 million for its initial public offering (IPO) on Nasdaq. An over allotment option on a further 1,500,000 units for a further US$15,000,000 has been fully exercised as well.
The SPAC is offering 10 million units priced at US$10 per unit, where each unit consists of one Class A ordinary share and one redeemable warrant, which entitles the unitholder to purchase one Class A ordinary share at a price of $11.50 per share. The units have been available for trading since April 13, 2022.
