Crypto-focused SPAC raises $115M in Nasdaq IPO

2022.04.20 22:51

Crypto-focused SPAC raises $115M in Nasdaq IPO

Aura FAT Projects Acquisition Corp. (AFARU), a special purpose acquisition company (SPAC), has closed its initial public offering (IPO) on Nasdaq and raised $115 million, focusing on crypto industry assets.

The Cayman Islands-incorporated SPAC raised an impressive $100 million during its April 13 IPO, with an over-allotment of $15 million, bringing its total to $115 million, according to an announcement from the firm on Tuesday.

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