Aura FAT Projects Acquisition Corp Has Extended The Deadline For Its Initial Business Combination By One Month, Depositing $50,000 Into Its Trust Account For Public Shareholders For Both The Second And Third Extensions.
Portfolio Pulse from Benzinga Newsdesk
Aura FAT Projects Acquisition Corp has extended the deadline for its initial business combination by one month. The company has deposited $50,000 into its trust account for public shareholders for both the second and third extensions, according to an SEC filing.
September 19, 2023 | 1:43 pm
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Aura FAT Projects Acquisition Corp (AFAR) has extended the deadline for its initial business combination, depositing $50,000 into its trust account for shareholders. This could indicate a delay in the company's plans.
The extension of the deadline for the initial business combination and the deposit into the trust account could indicate a delay in the company's plans. However, it also shows the company's commitment to its shareholders, which could have a neutral impact on the stock price in the short term.
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