Crypto-focused SPAC IPO on Nasdaq raises $115M

Crypto-focused SPAC IPO on Nasdaq raises $115M

Aura FAT Projects Acquisition Corp., a special purpose acquisition company (SPAC) focused on the cryptocurrency industry. (AFARU) has completed its public offering (IPO) on the Nasdaq, raising $115 million in funding.

The Cayman Islands-based SPAC, the $100 million IPO process that took place on April 13, has resulted in an additional allocation of $15 million. ended. The company announced on Tuesday that it achieved a value increase of $ 115 million.

Funds were also obtained from sponsorships with Singapore-based financial services providers Aura Group and Fat projects. SPAC’s website provides services in Australia, New Zealand, Singapore, Indonesia, Vietnam, Thailand, Malaysia and the Philippines. is stated.

Aura FAT, which has moves towards technology companies; Web3 will make acquisitions in the blockchain sector focusing on crypto, digital ledger and e-game assets.

On April 1, Bitcoin (BTC) mining company PrimeBlock announced that it has merged with 10x Capital Venture Acquisition Corp II SPAC. At the end of the merger, PrimeBlock becomes a publicly traded company with a total valuation of $1.3 billion.

Related: Robinhood acquires crypto firm Ziglu

In late March, Thunder Bridge Capital Partners IV SPAC merged with Japanese crypto exchange Coincheck to create Coincheck Group NV. The company, which achieved a valuation of $ 1.25 billion at the end of the merger, is expected to be listed on the Nasdaq stock exchange in the second quarter of this year.

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