Brief: Avanseus Holdings Pte. Ltd. Plans To Go Public In Partnership With Fat Projects Acquisition Corp
26/08/2022 14:09
Aug 26 (Reuters) - Fat Projects Acquisition Corp FATP.O :
* AVANSEUS HOLDINGS PTE. LTD., A TECHNOLOGY AND SOFTWARE
INNOVATOR, PLANS TO GO PUBLIC IN PARTNERSHIP WITH FAT PROJECTS
ACQUISITION CORP
* FAT PROJECTS ACQUISITION CORP- VALUES THE COMBINED
COMPANIES AT
A PRO FORMA ENTERPRISE VALUE OF APPROXIMATELY US$135.7 MILLION
* FAT PROJECTS ACQUISITION CORP- DEAL AUTHORIZES CO WITH THE
APPROVAL OF AVANSEUS, TO CONDUCT ADDITIONAL PRIVATE OFFERINGS TO
SUPPORT THE TRANSACTION
* FAT PROJECTS ACQUISITION CORP- DEAL ALLOWS CO TO SEEK
PIPE
BETWEEN THE SIGNING OF THE BUSINESS COMBINATION AGREEMENT AND
THE CLOSING OF THE TRANSACTION
* FAT PROJECTS ACQUISITION CORP- COMBINED COMPANY IS
EXPECTED TO
CONTINUE TRADING ON NASDAQ UNDER A NEW TICKER SYMBOL REFLECTIVE
OF AVANSEUS’ NAME
Source text for Eikon: ID:
Further company coverage: FATP.O
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