Fat Projects Acquisition Corp. Confirms Funding To Extend Period To Consummate Initial Business Combination To March 15, 2023
Fat Projects Acquisition Corp. Confirms Funding To Extend Period To Consummate Initial Business Combination To March 15, 2023
Fat Projects Acquisition Corp (NASDAQ:FATPU)(NASDAQ:FATP)(NASDAQ:FATPW) ("FATP"), a special purpose acquisition company, announced today the deposit of an aggregate of $312,899.94 (representing $0.0575 per public share) into the Company's trust account, which came from cash on hand of the Company and from non-interest-bearing loans from affiliates of the Sponsor and from loans bearing 15% simple interest from non-affiliates of the Company and the Sponsor and which enables the Company to extend the period of time it has to consummate its initial business combination by one month from February 15, 2023 to March 15, 2023 (the "Extension"). The Extension is the second of up to six one-month extensions permitted under the Company's governing documents.
特殊目的收購公司發專案收購公司(納斯達克股票代碼：FATPW)(納斯達克股票代碼：FATPW)(以下簡稱FATPW)今天宣佈，從公司手頭現金、保薦人關聯公司的無息貸款以及公司和保薦人的非關聯公司提供的單息15%的貸款中，向公司信託賬戶存入總計312,899.94美元(相當於每股公開發行股票0.0575美元)，從而使公司能夠將完成初始業務合併的時間從2023年2月15日延長一個月至3月15日。2023年(“延長線”)。此次延期是該公司管理檔案允許的最多六個月延期中的第二次。
The Extension provides the Company with additional time to complete its initial business combination (the "Business Combination") with Avanseus Holdings Pte. Ltd., a Singapore private company limited by shares ("Avanseus"). As previously reported, FATP and Avanseus entered into a Business Combination Agreement dated August 26, 2022, as amended by a First Amendment to Business Combination Agreement dated October 3, 2022, (collectively, the "Business Combination Agreement"), that provides for a series of transactions, pursuant to which, among other things, Avanseus' shareholders will exchange all of their outstanding Avanseus shares in consideration for newly issued FATP Class A Ordinary Shares (the "Share Exchange"), subject to the conditions set forth in the Business Combination Agreement, with Avanseus thereby becoming a wholly owned subsidiary of FATP (the Share Exchange and the other transactions contemplated by the Business Combination Agreement, together, the "Business Combination" or the "Proposed Transaction"). In connection with the Business Combination, FATP will change its corporate name to "Avanseus Holdings Corporation" ("New Avanseus").
延期令本公司有更多時間完成與Avanseus Holdings Pte的初步業務合併(“業務合併”)。Avanseus是一家新加坡私人股份有限公司(“Avanseus”)。如先前報告所述，FATP與Avanseus於2022年8月26日訂立經2022年10月3日企業合併協定第一修正案修訂的業務合併協定(統稱為“業務合併協定”)，該協定規定一系列交易，根據該等交易，Avanseus的股東將在符合業務合併協定所載條件的情況下，將其所有已發行A股A股交換為新發行的FATPA類普通股(“股份交易所”)，Avanseus從而成為FATP的全資附屬公司(股份交換及業務合併協定預期的其他交易)。“企業合併”或“擬議交易”)。關於業務合併，FATP將把公司名稱改為“Avanseus Holdings Corporation”(“New Avanseus”)。
譯文內容由第三人軟體翻譯。