Fat Projects Acquisition Corp. Confirms Funding to Extend Period to Consummate Initial Business Combination to March 15, 2023

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Feb 16, 2023

SINGAPORE / ACCESSWIRE / February 15, 2023 / Fat Projects Acquisition Corp (NASDAQ:FATPU)(NASDAQ:FATP)(NASDAQ:FATPW) ("FATP"), a special purpose acquisition company, announced today the deposit of an aggregate of $312,899.94 (representing $0.0575 per public share) into the Company's trust account, which came from cash on hand of the Company and from non-interest-bearing loans from affiliates of the Sponsor and from loans bearing 15% simple interest from non-affiliates of the Company and the Sponsor and which enables the Company to extend the period of time it has to consummate its initial business combination by one month from February 15, 2023 to March 15, 2023 (the "Extension"). The Extension is the second of up to six one-month extensions permitted under the Company's governing documents.