Form 8-K - Current report
2023年12月6日 - 10:30PM
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2023-11-28
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of
report (Date of earliest event reported): November 28, 2023
Fat Projects Acquisition Corp
(Exact name of registrant as specified in its charter)
Cayman Islands |
|
001-40755 |
|
00-0000000N/A |
(State or other jurisdiction |
|
(Commission File Number) |
|
(I.R.S. Employer |
of incorporation) |
|
|
|
Identification No.) |
27 Bukit Manis Road |
|
|
Singapore |
|
099892 |
(Address of principal executive offices) |
|
(Zip Code) |
(65) 8590-2056
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box
below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Units, each consisting of one Class A Ordinary
Share
and One Redeemable Warrant |
|
FATPU |
|
The Nasdaq Stock Market LLC |
Class A Ordinary Share, par value $0.0001 per share |
|
FATP |
|
The Nasdaq Stock Market LLC |
Redeemable Warrants, each warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 |
|
FATPW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth
company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing.
As previously disclosed, on October 17, 2023,
Fat Projects Acquisition Corp., a Cayman Islands exempt company limited by shares, with company registration number 374480 (the “Company”)
received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating
that the staff of the Nasdaq Listing Qualifications Department (the “Staff”) has determined that the Company
did not return to compliance with Listing Rule 5450(b)(2)(B) by October 16, 2023, and as a result the Company’s securities will
be delisted from the Nasdaq Global Market at the opening of business on October 26, 2023 unless the Company requests an appeal to a Nasdaq
hearing panel by October 24, 2024.
The Company timely appealed the Staff’s
determination to a Nasdaq hearing panel, and Nasdaq scheduled the hearing for January 4, 2024. However, as disclosed in the Company’s
Current Report on Form 8-K dated November 11, 2023 and filed with the Commission on November 17, 2023 (the “November 11 Form
8-K”), the Company terminated its business combination agreement with Avanseus Holdings Pte. Ltd. and did not make the payment
required to extend the deadline to complete its initial business combination beyond November 15, 2023. Therefore, the Company is required
to dissolve and liquidate in accordance with the provisions of its Amended and Restated Memorandum and Articles of Association, as amended
(the “Charter”). Because the Company intends to liquidate, the Company notified Nasdaq on November 28, 2023
that it was withdrawing its appeal, and Nasdaq confirmed the withdrawal of the same on November 29, 2023 and notified the Company that
it would suspend trading of the Company’s securities during the week of December 4, 2023. As previously disclosed in an amendment
to the November 11 Form 8-K, Nasdaq previously halted trading of the Company’s securities. Therefore, the Company does not expect
trading in the Company’s securities to resume on Nasdaq, and the Company intends to proceed with winding up its business and dissolving.
As previously disclosed, on May 5, 2023, the Company
received a written notice from Nasdaq of noncompliance with Listing Rule 5450(a)(2), which requires the Company to maintain a minimum
of 400 total holders for continued listing on the Nasdaq Global Market. The Company timely submitted a plan to return to compliance, and
Nasdaq granted the Company an extension of time to return to compliance until November 1, 2023.
Additionally, on May 26, 2023, the Company received
a written notice from Nasdaq of noncompliance with Listing Rule 5450(b)(2)(A), which requires the Company to maintain a minimum market
value of listed securities of at least $50,000,000 for continued listing on the Nasdaq Global Market, and with Listing Rule 5450(b)(2)(C),
which requires the Company to maintain a minimum market value of publicly held shares of at least $15,000,000. The Company timely submitted
a plan to return to compliance, and Nasdaq granted the Company an extension of time to return to compliance until November 22, 2023.
On December 1, 2023, the Company received a written
notice (the “Notice”) from Nasdaq indicating that the Staff has determined that the Company did not return to
compliance with Listing Rule 5450(a)(2) by November 1, 2023, or with Listing Rules 5450(b)(2)(A) and 5450(b)(2)(C) by November 22, 2023.
Further, the Notice informed the Company of noncompliance with Listing Rule 5250(c)(1) due to a failure to file it Form 10-Q for the period
ended September 30, 2023. The Company does not intend to appeal these determinations.
Item 9.01. Exhibits.
Exhibit
Number |
|
Description of Exhibit |
104 |
|
Cover Page Interactive Data File (embedded with the Inline XRBL document). |
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
FAT PROJECTS ACQUISITION CORP |
|
|
|
By: |
/s/ David Andrada |
|
Name: |
David Andrada |
|
Title: |
Co-Chief Executive Officer and Chief Financial Officer |
Date: December 6, 2023
v3.23.3
Cover
|
Nov. 28, 2023 |
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
Nov. 28, 2023
|
Entity File Number |
001-40755
|
Entity Registrant Name |
Fat Projects Acquisition Corp
|
Entity Central Index Key |
0001865045
|
Entity Tax Identification Number |
00-0000000
|
Entity Incorporation, State or Country Code |
E9
|
Entity Address, Address Line One |
27 Bukit Manis Road
|
Entity Address, City or Town |
Singapore
|
Entity Address, Country |
SG
|
Entity Address, Postal Zip Code |
099892
|
City Area Code |
(65)
|
Local Phone Number |
8590-2056
|
Written Communications |
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|
Soliciting Material |
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|
Pre-commencement Tender Offer |
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|
Pre-commencement Issuer Tender Offer |
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|
Entity Emerging Growth Company |
true
|
Elected Not To Use the Extended Transition Period |
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|
Units, each consisting of one Class A Ordinary Share |
|
Title of 12(b) Security |
Units, each consisting of one Class A Ordinary
Share
|
Trading Symbol |
FATPU
|
Security Exchange Name |
NASDAQ
|
Class A Ordinary Share, par value $0.0001 per share |
|
Title of 12(b) Security |
Class A Ordinary Share, par value $0.0001 per share
|
Trading Symbol |
FATP
|
Security Exchange Name |
NASDAQ
|
Redeemable Warrants, each warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 |
|
Title of 12(b) Security |
Redeemable Warrants, each warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50
|
Trading Symbol |
FATPW
|
Security Exchange Name |
NASDAQ
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Fat Projects Acquisition (NASDAQ:FATPU)
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Fat Projects Acquisition (NASDAQ:FATPU)
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から 5 2023 まで 5 2024