Aura FAT Projects Acquisition Corp. (AFARU) Prices $100M IPO

Aura FAT Projects Acquisition Corp. priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “AFARU” Wednesday, April 13, 2022.

The new SPAC intends to focus 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. Aura FAT Projects is led by Co-CEO and Chairman Tristan Lo, and Co-CEO and CFO David Andrada.

Total SPAC deal count for 2022 year-to-date is now 57. This offering is expected to close on Monday, April 18.

EF Hutton, a division of Benchmark Investments LLC, is acting as the sole bookrunner of the offering. Nelson Mullins Riley & Scarborough LLP is serving as Issuer’s Counsel with The Loev Law Firm, PC serving as Underwriter’s Counsel. MaloneBailey, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.