Fat Projects Spac Pte. Ltd. - Oct 17, 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 17, 2021
Transactions value $
-$2,865,000
Form type
4
Date filed
3/22/2023, 09:38 AM
Previous filing
Mar 21, 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 Other -$2.87M -2.87M -100% $1.00* 0 Oct 17, 2021 Class A Ordinary Shares 2.87M $11.50 Direct F1, F2, F3
transaction FATP Class B Ordinary Shares Other -2.13M -100% 0 Oct 18, 2021 Class A Ordinary Shares 2.13M Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a distribution by Fat Projects SPAC PTE. LTD., the sponsor of the issuer (the "Sponsor") to its members for no consideration.
F2 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.
F3 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, and Nils Michaelis, the issuer's president, chief operating officer and head of mergers and acquisitions, is each a director of the Sponsor. David Andrada, Tristan Lo and Nils Michaelis may be deemed to beneficially own the securities held by the Sponsor by virtue of their control over the Sponsor. David Andrada, Tristan Lo and Nils Michaelis disclaim beneficial ownership of the Issuer's securities held by the Sponsor, except to the extent of their respective pecuniary interest.
F4 The Class B ordinary shares have no expiration date and will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment as set forth in the issuer's registration statement on Form S-1 (File No. 333-257126).