Aura FAT Projects Acquisition Corp terminates business combination with Allrites; directors resign

Aura Fat Projects Acquisition Corp

Business combination agreement with Allrites terminated as of July 18, 2025, after comprehensive evaluation.
SPAC AFAR had raised $115M in IPO in April 2022; Allrites is a Singapore-based B2B content licensing platform.
Termination supersedes amended agreement dated January 14, 2025, which had extended end date to July 18, 2025.
Six directors resigned on June 19, 2025, including from audit and compensation committees; no disagreement cited.
AFAR's securities were delisted from Nasdaq in March 2025; no new business combination announced.

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