secwatch.observer — SEC 8-K summary
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Issuer:     Aura Fat Projects Acquisition Corp (—)
CIK:        0001901886
Form:       8-K
Filed at:   2023-12-15T23:59:59+00:00
Accession:  0001829126-23-008051
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nasdaq warns Aura FAT Projects of delisting for low market value; SPAC extends combination deadline
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- Nasdaq notified AFARU on Dec 11 that its MVLS fell below $50M, triggering a 180-day compliance period.
- Company deposited $50,000 into trust to extend business combination deadline from Dec 18, 2023 to Jan 18, 2024.
- The delisting notice does not currently affect trading; company intends to regain compliance.
- SPAC must consummate an initial business combination by Jan 18, 2024, unless further extended.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1901886/000182912623008051/0001829126-23-008051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1901886/000182912623008051/aurafatprojects_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-008051

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