Aura FAT Projects extends business combination deadline to July 2024; 8.7M shares redeemed

Aura Fat Projects Acquisition Corp

Shareholders approved up to 12 one-month extensions from July 18, 2023 to July 18, 2024.
Each extension requires deposit into trust of lesser of $50,000 or $0.045 per public share.
Amended charter removes $5,000,001 NTA redemption limitation and related restrictions.
Holders of 8,708,304 public shares exercised redemption rights for cash from trust ($121.9M).

item 1.01 item 3.03 item 5.03 item 5.07 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Aura Fat Projects Acquisition Corp: Amended charter to allow up to 12 one-month extensions of the business combination deadline from July 18, 2023 to July 18, 2024, with reduced deposit requirements (effective 2023-07-17).

Change: charter amendment
Effective: 2023-07-17

Exact text from the filing

Pursuant to the Amended Charter, the Company has the right to extend beyond July 18, 2023 (the “Original Termination Date”) by up to 12, 1-month extensions through July 18, 2024 (each of the 12, 1-month extensions, an “Extension”, and each such extended date a “Deadline Date”) the date by which the Company must (i) consummate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving the Company and one or more businesses (a “business combination”), or (ii) cease its operations if and redeem or repurchase 100% of the Company’s Class A ordinary shares included as part of the units sold in the IPO.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Aura Fat Projects Acquisition Corp: Amended charter to remove the $5,000,001 net tangible assets threshold and related redemption limitations (effective 2023-07-17).

Change: charter amendment
Effective: 2023-07-17

Exact text from the filing

The Charter Amendment also removes the $5,000,001 or greater threshold for net tangible asset (“NTA”) and cash in connection with an initial business combination and the restrictions on redeeming offering shares in connection with the consummation of a business combination or tender offer.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Aura Fat Projects Acquisition Corp amended Amendment No. 1 to the Trust Agreement with Continental Stock Transfer & Trust Company (effective 2023-07-17).

Action: amendment
Counterparty: Continental Stock Transfer & Trust Company
Effective: 2023-07-17

Exact text from the filing

Following approval of the Trust Amendment Proposal by the Shareholders, the Company and Continental promptly entered into the Trust Agreement Amendment.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Aura Fat Projects Acquisition Corp shareholders approved Extension Amendment Proposal.

Proposal: charter amendment
Outcome: passed

Exact text from the filing

Proposal 2 – Extension Amendment Proposal The Shareholders approved the Extension Amendment Proposal. The following is a tabulation of the voting results: Ordinary Shares: Votes For Votes Against Abstentions Broker Non-Votes 11,560,310 1,099,705 0 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Aura Fat Projects Acquisition Corp shareholders approved Trust Amendment Proposal.

Proposal: charter amendment
Outcome: passed

Exact text from the filing

Proposal 3 – Trust Amendment Proposal The Shareholders approved the Trust Amendment Proposal. The following is a tabulation of the voting results: Ordinary Shares: Votes For Votes Against Abstentions Broker Non-Votes 11,560,310 1,099,705 0 0

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Aura Fat Projects Acquisition Corp shareholders approved The NTA Proposal.

Proposal: charter amendment
Outcome: passed

Exact text from the filing

Proposal 1 – The NTA Proposal The Shareholders approved the NTA Proposal. The following is a tabulation of the voting results: Ordinary Shares: Votes For Votes Against Abstentions Broker Non-Votes 11,560,310 1,099,705 0 0

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Source: SEC EDGAR

accession 0001829126-23-004751

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