{"id":24492,"date":"2022-04-20T02:30:41","date_gmt":"2022-04-20T06:30:41","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=24492"},"modified":"2022-04-20T02:30:48","modified_gmt":"2022-04-20T06:30:48","slug":"spac-raises-115-million-in-nasdaq-ipo","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/spac-raises-115-million-in-nasdaq-ipo\/","title":{"rendered":"SPAC Raises $115 Million In Nasdaq IPO"},"content":{"rendered":"\n
After an over-allotment round, the Aura FAT SPAC<\/a> listed on Nasdaq and ended its IPO with $115 million in funds.<\/h5>\n\n\n\n
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SPAC raises funds in Nasdaq IPO<\/figcaption><\/figure>\n\n\n\n

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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.<\/p>\n\n\n\n

According to an April 19 announcement\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> 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.<\/p>\n\n\n\n

It also receives funding from Singapore-based financial services firms Aura Group and Fat projects. According to the SPAC's website<\/use><\/svg><\/span><\/a>, it has operations in Australia, New Zealand, Singapore, Indonesia, Vietnam, Thailand, Malaysia, and the Philippines.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

PrimeBlock, a Bitcoin (BTC<\/a>) 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.<\/p>\n\n\n\n

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.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":33,"featured_media":24493,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1145,8602],"class_list":["post-24492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ipo","tag-spac-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/ipo-istock-1061286-1639647362-1062813-1639994036-1063261-1640099091-1063877-1640253266.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=24492"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/24493"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=24492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=24492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=24492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}