Aura FAT Projects Acquisition Corp
AFARU
NASDAQ Global Market15.24
USD
+1.24
- -
CIK
0001901886
ISIN
KYG063621182
CUSIP
G06362118
Return %
Stock
S&P500
1Y
40.07
18.21
3Y
52.86
63.29
5Y
52.86
74.90
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
- Apr 13, 2022
- CIK
- 0001901886
- Website
- aurafatprojects.com
- Similar Companies
- Business
- Aura FAT Projects Acquisition Corp (NASDAQ: AFARU) is a blank check company whose principal business activity is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Incorporated in the Cayman Islands in 2021 and headquartered in Singapore, the company targets high-growth emerging technology companies in Southeast Asia, Australia, and New Zealand, with a focus on sectors such as Web 3.0, blockchain, cryptocurrency, digital ledger, e-gaming, financial technology, and related services. As a special purpose acquisition company, Aura FAT Projects maintains no significant operations prior to completing an initial business combination; it raised $115 million in gross proceeds, including the full over-allotment option, through its initial public offering on April 18, 2022. The company operates its units, Class A ordinary shares, and warrants under the tickers AFARU, AFAR, and AFARW, respectively, with private placement warrants held by its sponsor. In recent developments, Aura FAT Projects entered into a definitive business combination agreement on May 7, 2023, with Allrites Holdings Pte Ltd, a Singapore-based content-as-a-service platform, which was amended on January 14, 2025, to extend the termination date to July 18, 2025, adjust earnout terms linked to revenue milestones, and modify other provisions; however, the agreement expired and was mutually terminated on September 9, 2025, following evaluation of market conditions and strategic priorities. Shareholders approved extensions of the deadline for completing an initial business combination, including up to twelve one-month extensions through July 18, 2025, via deposits into the trust account, and further amendments ratified on October 6, 2025, extending the period to July 18, 2027, without additional funding requirements, during which 239,567 Class A shares were redeemed. The company faced Nasdaq delisting notices in 2024 for failing minimum market value of listed securities, publicly held shares, and shareholder count requirements, resulting in trading halts, though it pursued compliance efforts amid ongoing search for a suitable target.