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GlobeNewsWire
2 years ago
Fat Projects Acquisition Corp Announces Termination of Business Combination Agreement with Avanseus and Subsequent Liquidation
SINGAPORE, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Fat Projects Acquisition Corp (NASDAQ: FATPU, FATP, FATPW) (“ FATP ” or the “ Company ”), a special purpose acquisition company, announced that it has terminated its Business Combination Agreement with Avanseus Holdings Pte. Ltd. (“ Avanseus ”) and that it did not extend the deadline to complete its initial business combination to November 15, 2023 therefore it will dissolve and liquidate. Four of its non-management directors and its president and chief operating officer have resigned.
