Aura FAT Projects Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants

Rhea-AI Summary

Aura FAT Projects Acquisition Corp. (Nasdaq: AFAR) announced on June 2, 2022, that holders of its initial public offering units can begin trading shares of Class A common stock and warrants separately from June 3, 2022. The IPO raised funds through 11,500,000 units and was completed on April 18, 2022. The units not separated will trade under the symbol 'AFARU,' while the separated shares will trade as 'AFAR' and 'AFARW' on Nasdaq. The offering was registered with the SEC and is not an offer to sell securities in jurisdictions where such offers would be unlawful.

Positive

• Holders can trade shares of Class A common stock and warrants separately, enhancing liquidity.
• The IPO raised significant capital with the issuance of 11,500,000 units.

Negative

• None.

SINGAPORE, June 02, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Aura FAT Projects Acquisition Corp. (Nasdaq: AFAR) (the "Company"), a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, today announced that holders of the units sold in the Company’s initial public offering of 11,500,000 units completed on April 18, 2022, may elect to separately trade the shares of Class A common stock and warrants included in the units commencing on or about June 3, 2022. Holders of units will need to have their broker contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of Class A common stock and warrants. Those units not separated will continue to trade on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “AFARU,” and the Class A common stock and warrants that are separated will trade on Nasdaq under the symbols “AFAR” and “AFARW,” respectively.

The securities described above were offered by the Company pursuant to a registration statement on Form S-1 (File No. 333-26371) that was originally filed with the Securities and Exchange Commission (“SEC”) on March 18, 2021 and declared effective on April 12, 2022. The offering was made only by means of a prospectus, copies of which may be obtained from: EF Hutton, division of Benchmark Investments, LLC, 590 Madison Ave, 39^thFloor, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@efhuttongroup.com or telephone at (212) 404-7002, or by visiting EDGAR on the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements," including with respect to the Company's initial public offering and search for an initial business combination. Forward-looking statements are statements that are not historical factsand are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and final prospectus for the Offering filed with the SEC. Copies are available on the SEC's website, www.sec.report. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein, except as required by law.

Contact

Aura FAT Projects Acquisition Corp.
1 Phillip Street, #09-00 Royal One Phillip 
Singapore, 048692 
Attn: David Andrada 
Email: david@fatprojects.com 
Telephone: 65-3135-1511

FAQ

What is the significance of the Aura FAT Projects Acquisition Corp. IPO?

The IPO raised funds through 11,500,000 units, allowing for future business combinations.

When can investors start trading AFAR and AFARW?

Investors can start trading AFAR and AFARW shares separately from June 3, 2022.

What are the ticker symbols for Aura FAT Projects Acquisition Corp. shares?

The ticker symbols are AFAR for Class A common stock, AFARW for warrants, and AFARU for units.

Where can I find more information about the Aura FAT Projects Acquisition Corp. offering?

Details are available on the SEC's website and through their registration statement.