Aura FAT Projects Acquisition Corp.
We intend to focus our 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. (Incorporated in the Cayman Islands)
We intend to identify opportunities globally but will focus on attractive opportunities in the Asia Pacific, including the emerging markets of Southeast Asia (such as Singapore, Indonesia, Vietnam, Thailand, Malaysia and the Philippines), Australia and New Zealand. We will not pursue any target nor consummate an initial business combination with any entity that is incorporated, organized or has its principal business operations in China, Hong Kong or Macau.
Our sponsor, Aura FAT Projects Capital LLC, is controlled by Tristan Lo, our chairman and co-CEO, and David Andrada, our co-CEO and CFO, who have accumulated broad industry expertise and transaction experience from investing in and operating diverse businesses.
In April 2021, Mr. Lo and Mr. Andrada co-founded FAT Projects Acquisition Corp (“FATP”), a special purpose acquisition company incorporated for the purposes of effecting a business combination. Mr. Lo serves as the chairman and Co-CEO of FATP and Mr. Andrada serves as Co-CEO and CFO. FATP completed its initial public offering in October 2021, in which it sold 11.5 million units, each consisting of one FATP ordinary share and one warrant, for an offering price of $10.00 per unit, generating aggregate proceeds of $115 million. As of the date of this prospectus, FATP has not announced a business combination. Thus, Mr. Lo and Mr. Andrada will face a conflict of interest with respect to whether they should present a specific target to FATP or to us. We have a slightly different focus than FATP, so to the extent a target meets a criteria for us or FATP specifically, they will present the target solely to the one better suited to the target.
Mr. Lo has been a lifelong entrepreneur, starting his first company in advertising and marketing while completing his business degree at the University of Technology Sydney.
Mr. Andrada, a former Global Sector Head at HSBC Group, has served since 2015 as a managing partner of Fat Projects Pte. Ltd., an affiliate of our sponsor, where he helps guide the firm’s capital raisings and M&A activity.
(Note: Aura FAT Projects Acquisition Corp. priced its SPAC IPO on April 12, 2022, in line with the terms in its prospectus: 10 million units at $10 each to raise $100 million. The pricing of Aura FAT Projects Acquisition Corp. marks the 57th SPAC IPO priced so far in 2022.)
|Address||1 Phillip Street, #09-00 Royal One Phillip Singapore, 048692|
|View Prospectus:||Aura FAT Projects Acquisition Corp.|
|Revenues||$0 mil (last 12 months)|
|Net Income||$0 mil (last 12 months)|
|Price range||$10.00 - $10.00|
|Est. $ Volume||$100.0 mil|
|Manager / Joint Managers||EF Hutton|
|Expected To Trade:||4/13/2022|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|