A new SPAC has entered the blockchain space. The firm is incorporated in the Cayman Islands but based in Singapore, and will aim to make acquisitions in the Web3 and blockchain space.
Aura FAT Projects Acquisition Corp. , a special purpose acquisition company , has closed its IPO on Nasdaq and raised $115 million, with a focus on crypto industry assets.
The Cayman Islands-incorporated SPAC raised an impressive $100 million during its April 13 initial public offering plus an over-allotment of $15 million, bringing its total to $115 million according to anIt also has funding from sponsorships with Singapore-based financial services firms Aura Group and Fat projects. The SPAC’s websitethat it has a presence in Australia, New Zealand, Singapore, Indonesia, Vietnam, Thailand, Malaysia, and the Philippines.
Aura FAT will target acquisitions in the blockchain sector as it has a stated interest in emerging technology companies that deal with Web3, crypto, digital ledger, and e-gaming assets.with the 10x Capital Venture Acquisition Corp II SPAC. The merger is valued at $1.3 billion and will make PrimeBlock a publicly traded company.
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