공시 • Jul 24
Aura FAT Projects Acquisition Provides Non-Compliance Update As previously disclosed on Form 8-K with the Securities and Exchange Commission (the SEC"), on December 15, 2023, Aura FAT Projects Acquisition Corp, a Cayman Islands exempted company limited by shares, with company registration number 384483 (the Company") received written notice indicating that because the Company's Market Value of Listed Securities was less than $50 million, the Company was no longer in compliance with Listing Rule 5450(b)(2)(A) of the Nasdaq Global Market (Nasdaq"), which requires the Company to maintain a Market Value of Listed Securities of at least $50 million (the MVLS Requirement"). The Company was provided 180 calendar days to regain compliance with the MVLS Requirement. On July 19, 2024, the Company received a written notice (the Notice") from the Listing Qualifications Department stating that the Company had failed to regain compliance with the MVLS Requirement. The Notice also stated that the Company does not comply with Listing Rule 5450(b)(2)(B), which requires a minimum of 1,100,000 publicly held shares, and Listing Rule 5450(b)(2)(C), which requires a minimum of $15 million market value of publicly held shares. The Notice further indicated Nasdaq's concerns that the Company may also no longer comply with the minimum 400 total holders requirement pursuant to Listing Rule 5450(a)(2), due to the substantial number of shareholder redemptions and low number of shares remaining outstanding, as previously disclosed by the Company on the Current Report on Form 8-K filed July 16, 2024. As a result of the Listing Qualifications Department's determination that the substantial number of redemptions would cause the Company to fail to comply with multiple Nasdaq listing requirements, Nasdaq has determined to halt trading in the Company's securities on July 19, 2024. Nasdaq has further indicated that a determination whether to continue the trading halt will be made following the Company's disclosure of this Notice. Following the Company's disclosure of the Notice and Nasdaq's determination to lift the trading halt, if so decided, the Notice stated that unless the Company requests an appeal of this determination, trading of the Company's securities will be suspended at the opening of business on July 30, 2024, and a Form 25-NSE will be filed with the SEC, which will remove the Company's securities from listing and registration on Nasdaq. The Company may request an appeal of the determinations contained in the Notice by July 26, 2024 (the Appeal Deadline"). The Company intends to submit an appeal of the Listing Qualifications Department's determination to a hearings panel (the Nasdaq Hearings Panel"), as well as a request to stay the suspension of its common stock pending the hearing date, under the procedures set forth in the Nasdaq Listing Rule 5800 Series, no later than the Appeal Deadline. No assurances can be provided that the Company will submit the appeal by the Appeal Deadline. Furthermore, no assurances can be provided that the Company will obtain a favorable decision from the Nasdaq Hearings Panel, and/or that the Company will be able to regain or maintain compliance with the Nasdaq listing rules and continue the listing of its securities on Nasdaq. 공시 • Dec 16
Aura FAT Projects Acquisition Receives Non-Compliance Notice From Nasdaq On December 11, 2023, Aura FAT Projects Acquisition Corp. received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that since the Company’s Market Value of Listed Securities was less than $50 million, the Company was no longer in compliance with the Nasdaq Global Market continued listing criteria set in Listing Rule 5450(b)(2)(A), which requires the Company to maintain a Market Value of Listed Securities of at least $50 million (the “MVLS Notice”). The MVLS Notice additionally indicates that the Company, pursuant to the Listing Rules, has a compliance period of 180 calendar days in which it can regain compliance. Further, the MVLS Notice states that, if at any time during the compliance period the Company closes at $50 million or more for a minimum of ten consecutive business days, Nasdaq will provide written confirmation of compliance and the matter will be closed. The MVLS Notice serves only as a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities. The MVLS Notice does not have a current effect on the listing or trading of the Company’s securities on the Nasdaq Global Market. The Company intends to take action to regain compliance with Rule 5450(b)(2)(A) within the 180 calendar day compliance period. While the Company is exercising diligent efforts to maintain the listing of its ordinary shares on Nasdaq Global Market, there can be no assurance that the Company will be able to regain or maintain compliance with Nasdaq Global Market MVLS requirement. 공시 • Oct 19
Aura FAT Projects Acquisition Corp announced delayed 10-Q filing On 10/17/2023, Aura FAT Projects Acquisition Corp announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Apr 14
Aura FAT Projects Acquisition Corp has completed an IPO in the amount of $100 million. Aura FAT Projects Acquisition Corp has completed an IPO in the amount of $100 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 10,000,000
Price\Range: $10
Discount Per Security: $0.45
Transaction Features: Blank Check Blind Pool Company 