Fat Projects Acquisition Corp. announced the pricing of its $100 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “FATPU” Wednesday, October 13.
The new SPAC intends to focus its search on companies with operations or prospective operations that are technology-led in the areas of supply chain, transportation, logistics, finance, sustainability, ESG, food, agriculture, e-commerce, big data and/or targets that are taking advantage of the monetization opportunities stemming from a rapidly growing middle class and their evolving consumption and digital needs in Southeast Asia. Fat Projects is led by Co-CEO and Chairman Tristan Lo, Co-CEO and CFO David Andrada, and President, COO, and Head of M&A Nils Michaelis.
Total SPAC deal count for 2021 year-to-date is now 463. This offering is expected to close on Friday, October 15.
EF Hutton, division of Benchmark Investments, LLC, is acting as sole book running manager for the offering. Nelson Mullins Riley & Scarborough LLP is serving as Issuer’s Counsel with The Loev Law Firm, PC serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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