Aura FAT Projects Acquisition (NASDAQ: AFARU) announced the pricing of its initial public offering — the pricing is $100 million and is comprised of 10 million units, with each unit priced at $10. According to the announcement, the units should be listed on the Nasdaq Global Market to trade under the ticker symbol “AFARU.” The offering units will each consist of one Class A ordinary share and one redeemable warrant; the warrant would entitle the holder to purchase one additional Class A ordinary share at a price of $11.50. When the units begin trading separately, it is anticipated that the Class A ordinary shares and warrants will to be listed under the symbols “AFAR” and “AFARW”, respectively.
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About Aura FAT Projects Acquisition Corp.
Aura FAT Projects is a newly organized blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While it will not be limited to a particular industry or geographic region, the company intends to focus its 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.
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