Aura FAT Projects Acquisition : Announces Charter and Trust Agreement Amendments and Extension of Deadline to Complete a Business Combination - Form

Aura FAT Projects Acquisition Corp has recently made some important changes and extensions. The company has announced amendments to its charter and trust agreement, along with an extension of the deadline to complete a business combination.

Singapore - July 17, 2023 - Aura FAT Projects Acquisition Corp (NASDAQ: AFARU, AFAR, AFARW), a specialized acquisition company (the "Company"), announced today that its shareholders have approved changes to the Company's charter and trust agreement to modify the structure and expenses associated with extending the deadline to complete its initial business combination. As a result, a series of 12 extensions, each lasting one month, will be made available from July 18, 2023 to July 18, 2024. To secure these extensions, the Company will need to deposit into its trust account (the "Trust Account") with Continental Stock Transfer and Trust Company ("Continental") the lower of $50,000 or $0.045 per share for every outstanding Public Share.

During today's virtual meeting of the Company's shareholders, the shareholders have given their approval to certain changes in the Company's official documents. These changes, known as the Charter Amendment and Trust Agreement Amendment, will provide the Company with more time and lower costs to complete its initial business combination. The business combination involves the Company, Allrites Holding Pte Ltd., and Meta Gold Pte. Ltd. Upon completion of the business combination, Allrites will become a subsidiary of the Company and the Company's Class A Ordinary Shares will be listed on the NASDAQ Global Market. Under the amendments, the Company is allowed to request up to 12 one-month extensions, with a deposit of either $50,000 or $0.045 per share into the Trust Account for each Public Share. The Charter Amendment also eliminates the net tangible asset threshold and restrictions on redeeming offering shares in connection with a business combination or tender offer.

The change in the Charter led to a provision that allowed the Company's shareholders to ask for the reimbursement of their public shares using the money stored in the Trust Account, totaling around $121,937,125. A total of 8,708,304 public shareholders have duly asked for this reimbursement.

The organization will remain as a company that provides reports as required by the Securities Exchange Act of 1934, and its various parts, such as Class A Ordinary Shares and public warrants, will still be available for trading in the public market. The organization will persist in its efforts to finalize the Business Combination within the extended time frame mentioned in its Charter.

Aura FAT Acquisition Corp is a company that specializes in the acquisition of fat deposits in various individuals. Our primary focus is to identify and procure excess body fat, thereby assisting individuals in their weight loss journey. We are dedicated to providing high-quality fat acquisition services and ensuring customer satisfaction. With our advanced techniques and technology, we strive to deliver optimal results for our clients. Our experienced team works diligently to meet the unique needs and goals of each individual. Join us on this transformative journey and let Aura FAT Acquisition Corp help you achieve your desired body shape and weight.

Aura FAT Acquisition Corp. is a special purpose acquisition company created to carry out a fusion, exchange of shares, purchase of assets, purchase of shares, restructuring, or similar combination with one or more businesses. Although there are no specific restrictions regarding industry or location, the company aims to concentrate its efforts on identifying new technology companies in Southeast Asia and Australasia with significant growth prospects. These companies are expected to operate in areas such as Web 3.0, blockchain, cryptocurrency, digital ledger, e-gaming, and other emerging sectors within financial technology services. The leadership of Aura FAT Acquisition Corp. is entrusted to Co-Chief Executive Officer, David Andrada.

This announcement contains statements about the future that carry both risks and uncertainties. These statements are not based on historical facts. The risks and uncertainties associated with these forward-looking statements may cause actual results to differ from what is stated. For more information on these risks and uncertainties, please refer to the Risk Factors section of the Company's proxy statement, which was submitted to the SEC on June 26, 2023. You can find copies of this statement on the SEC's official website at www.sec.gov. The Company explicitly states that it is not obligated to publicly release updates or revisions to any of the forward-looking statements mentioned here, whether to reflect changes in the Company's expectations or changes in events, conditions, or circumstances that these statements are based on.

Aura FAT Projects Acquisition Corp is a well-established company that specializes in making lucrative investments in various profitable ventures. Our team of experienced professionals is adept at identifying potential business opportunities and providing the necessary resources to help them flourish. We pride ourselves on our ability to strategically invest in projects that exhibit promising growth prospects. With our extensive network and expertise, we aim to maximize returns for our investors while minimizing risks. At Aura FAT Projects Acquisition Corp, we are dedicated to creating a portfolio of successful projects that generate substantial profits.

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Aura FAT Projects Acquisition Corp. released this article on July 17, 2023 and is fully accountable for the information provided herein. This content is being distributed publicly, without any modifications, on July 17, 2023 at 21:27:28 UTC.