Aura FAT Projects Acquisition Corp (NASDAQ: AFAR, AFARW), a publicly traded special purpose acquisition company, and Allrites Holdings Pte. Ltd., a leading global B2B content marketplace with cutting-edge proprietary content-as-a-service (“CaaS”) technology, recently announced the filing of a registration statement on Form F-4, which contains a preliminary proxy statement/prospectus, with the U.S. Securities and Exchange Commission (“SEC”) in connection with their recently proposed business combination. While the registration statement is not yet effective and subject to change, it provides important information about Allrites’ business and operations, the proposed business combination with AFAR, as well as the proposals to be considered by AFAR’s shareholders. On May 8, 2023, AFAR entered into a definitive Business Combination Agreement with Allrites, which is expected to close in the second half of 2023, subject to approval by AFAR shareholders, the registration statement being declared effective by the SEC, and other customary conditions. The transaction values Allrites at an estimated proforma enterprise value of $92.0 million.

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About Aura Fat Projects Acquisition Corp.

AFAR is a blank check company listed on the Nasdaq formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. In April 2022, AFAR consummated a $115 million initial public offering. EF Hutton, division of Benchmark Investments LLC, served as the sole book-running manager of AFAR’s initial public offering. For more information, visit www.AuraFatProjects.com.

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