Crypto focused SPAC raises $115M in Nasdaq IPO

Crypto focused SPAC raises $115M in Nasdaq IPO

AuraFAT Projects Acquisition Corp. (AFARU), a special-purpose acquisition company (SPAC), has closed its IPOOn NasdaqIt raised $115 Million, with a particular focus on crypto-related assets.

The Cayman Islands-incorporated SPACThe company raised an impressive $100 million during its existence. April13 Initial public offering (IPOAccording to an announcement by the firm, it now totals $115 million. April 19.

ItSponsorships are also available for funding. SingaporeFirms that provide financial services based on gender Aura GroupAnd Fat projects. The SPAC’s website states that it has a presence in Australia, New Zealand, Singapore, Indonesia, Vietnam, Thailand, Malaysia, and the Philippines.

AuraAcquisitions will be a focus of FAT inThe blockchain sector has a stated interest inEmerging technology companies that deal in Web3, crypto, digital leadger and e-gaming assets.

On April1, the BitcoinPrimeBlock, a mining company in Bitcoin, announced its merger with 10x Capital Venture Acquisition CorpII SPAC. ThePrimeBlock will be a publicly traded corporation after the merger is worth $1.3 billion.

Related: SelfAlong with the new US crypto regulation, -regulatory organisations are growing

Late in MarchThe Thunder Bridge Capital PartnersIV SPACmerged with Japanese crypto exchange CoincheckForm the Conicheck Group N.V. TheThe merger is valued at $1.25 Billion and is expected to be listed. Nasdaq inThe second quarter of this calendar year.