After an over-allotment round, the Aura FAT SPAC listed on Nasdaq and ended its IPO with $115 million in funds.
Aura FAT Projects Acquisition Corp. (AFARU), a Nasdaq-listed special purpose acquisition company (SPAC), has raised $115 million in its IPO, with a focus on crypto industry assets.
According to an April 19 announcement from the firm, the Cayman Islands-incorporated SPAC raised an impressive $100 million during its April 13 initial public offering (IPO), plus a $15 million over-allotment, bringing its total to $115 million.
It also receives funding from Singapore-based financial services firms Aura Group and Fat projects. According to the SPAC’s website, it has operations in Australia, New Zealand, Singapore, Indonesia, Vietnam, Thailand, Malaysia, and the Philippines.
Aura FAT has stated an interest in emerging technology companies dealing with Web3, crypto, digital ledger, and e-gaming assets, so it will seek acquisitions in the blockchain sector.
PrimeBlock, a Bitcoin (BTC) mining company, announced its merger with the 10x Capital Venture Acquisition Corp II SPAC on April 1. The $1.3 billion mergers will turn PrimeBlock into a publicly-traded company.
Thunder Bridge Capital Partners IV SPAC merged with the Japanese crypto exchange Coincheck late in March to form the Conicheck Group N.V. The $1.25 billion mergers are expected to be listed on Nasdaq in the second quarter of this year.
