Aura FAT Projects Acquisition Corp
AFAR
NASDAQ Global Market11.68
USD
+0.15
- -
CIK
0001901886
ISIN
KYG063621000
CUSIP
G06362100
Return %
Stock
S&P500
1Y
8.55
26.53
3Y
18.34
76.60
5Y
18.34
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Tristan Lo
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Royal One Phillip Singapore Singapore 048692
- IPO Date
- Jun 3, 2022
- CIK
- 0001901886
- Website
- aurafatprojects.com
- Similar Companies
- Business
- Aura FAT Projects Acquisition Corp (NASDAQ: AFAR) is a blank check company with no significant current operations that seeks to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company targets emerging technology companies with high growth potential, particularly in Web3, blockchain, cryptocurrency, digital ledger, e-gaming, fintech, health-tech, ed-tech, and food and agriculture technology sectors; it focuses on opportunities in Southeast Asia, Australia, and New Zealand. Incorporated in the Cayman Islands in 2021 and headquartered at 1 Phillip Street, #09-00, Royal One Phillip, Singapore 048692, Aura FAT Projects raised $115 million in gross proceeds from its initial public offering on Nasdaq in April 2022, including the full over-allotment option. The sponsor is Aura FAT Projects Capital LLC, a Cayman Islands limited liability company; key executives include co-chief executive officer and chairman Tristan Lo and co-chief executive officer and chief financial officer David Andrada. In recent developments, the company entered into a definitive business combination agreement on May 7, 2023, with Allrites Holdings Pte Ltd., a Singapore-based B2B content marketplace provider, valuing Allrites at a pro forma enterprise value of $92 million with potential $18 million earnout; the agreement, amended on January 14, 2025, to extend the termination date to July 18, 2025, expired and terminated on September 9, 2025, due to market conditions and strategic priorities. Shareholders approved extensions up to twelve one-month periods in July 2024; the company faced Nasdaq delisting notices for failing listing standards, with trading suspended on July 30, 2024, and a Form 25 filed on March 5, 2025; additionally, six directors resigned on June 19, 2025, without disagreement on operations.