Fat Projects Spac Pte. Ltd. - Oct 15, 2021 Form 4 Insider Report for FAT PROJECTS ACQUISITION CORP (FATP)

Role: 10%+ Owner
Signature: /s/ Fat Projects SPAC PTE. LTD., by Nelson Mullins Riley & Scarborough LLP with Power of Attorney
Stock symbol: FATP
Transactions as of: Oct 15, 2021
Transactions value $: $2,865,000
Form type: 4
Date filed: 3/21/2023, 04:42 PM
Previous filing: Mar 21, 2023
Next filing: Mar 22, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FATP	Warrants	Award	$2.87M	+2.87M		$1.00^*	2.87M	Oct 15, 2021	Class A Ordinary Shares	2.87M	$11.50	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each warrant will become exercisable on the later of 12 months from the closing of the Issuer's initial public offering and the date of completion of the Issuer's initial business combination. Each warrant will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation.
F2	This Form 4 is being filed by Fat Projects SPAC PTE. LTD., the sponsor of the Issuer (the "Sponsor"). David Andrada and Tristan Lo, the issuer's co-chief executive officers, are each a director of the Sponsor. David Andrada and Tristan Lo may be deemed to beneficially own shares held by the Sponsor by virtue of their control over the Sponsor. David Andrada and Tristan Lo disclaim beneficial ownership of Issuer's Securities held by the Sponsor, except to the extent of their respective pecuniary interest.

Content

Each warrant will become exercisable on the later of 12 months from the closing of the Issuer's initial public offering and the date of completion of the Issuer's initial business combination. Each warrant will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation.

This Form 4 is being filed by Fat Projects SPAC PTE. LTD., the sponsor of the Issuer (the "Sponsor"). David Andrada and Tristan Lo, the issuer's co-chief executive officers, are each a director of the Sponsor. David Andrada and Tristan Lo may be deemed to beneficially own shares held by the Sponsor by virtue of their control over the Sponsor. David Andrada and Tristan Lo disclaim beneficial ownership of Issuer's Securities held by the Sponsor, except to the extent of their respective pecuniary interest.