Aura FAT Projects Acquisition Corp
AFARW
NASDAQ Global Market0.03
USD
- -
- -
CIK
0001901886
ISIN
KYG063621265
CUSIP
G06362126
Return %
Stock
S&P500
1Y
43.28
26.53
3Y
-71.20
76.60
5Y
-71.20
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
- 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; AFARW) operates as a blank check company whose primary business is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, focusing on new emerging technology companies with high growth potential in Southeast Asia, Australia and New Zealand; it targets sectors including Web 3.0, blockchain, cryptocurrency, digital ledger, e-gaming and other financial technology services. The company, incorporated in 2021 and headquartered in Singapore with registration in the Cayman Islands, completed its initial public offering of $115 million, including full over-allotment, on April 18, 2022, listing units, Class A ordinary shares and warrants on Nasdaq. It maintains a trust account with Continental Stock Transfer and Trust Company and employs a small team led by Co-Chief Executive Officers David Andrada and Tristan Lo. In recent developments, shareholders approved charter and trust agreement amendments in July 2024 to enable up to 12 one-month extensions from July 18, 2024, to July 18, 2025, at low cost to pursue its business combination, followed by a first amendment to its business combination agreement with AllRites Holdings Pte Ltd and Meta Gold Pte Ltd in January 2025 extending the termination date to July 18, 2025, increasing the break fee and adjusting earnout terms; however, AllRites Holdings Pte Ltd cancelled the acquisition on September 9, 2025. Further, on October 6, 2025, shareholders approved additional trust amendments extending the business combination deadline to July 18, 2027, without requiring further deposits, during which 239,567 Class A shares were redeemed, alongside proxy proposals in September 2025 for adjournments and outlining wind-up redemption processes tied to the trust fund balance less up to $100,000 in dissolution expenses should no combination occur. The company leverages an ecosystem of affiliates licensed by the Monetary Authority of Singapore and Australian Securities and Investments Commission, with expertise in venture capital through TNB Aura and Fat Projects Venture Studio, which have invested in over 50 Asia Pacific portfolio companies.