Stan Sugarman - Oct 17, 2021 Form 4 Insider Report for FAT PROJECTS ACQUISITION CORP (FATP)

Role: Director
Signature: /s/ Stan Sugarman, by Nelson Mullins Riley & Scarborough LLP with Power of Attorney
Stock symbol: FATP
Transactions as of: Oct 17, 2021
Transactions value $: $0
Form type: 4
Date filed: 3/22/2023, 11:38 AM
Previous filing: Mar 21, 2023
Next filing: Jun 8, 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	$0	+119K		$0.00	119K	Oct 17, 2021	Class A Ordinary Shares	119K	$11.50	See footnote	F1, F2, F4
transaction	FATP	Class B Ordinary Share	Other	$0	+88.5K		$0.00	88.5K	Oct 18, 2021	Class A Ordinary Shares	88.5K		See footnote	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	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).
F4	The securities are held directly by Sugarmilk Pte. Ltd. The Reporting Person may be deemed to beneficially own shares held by Sugarmilk Pte. Ltd. by virtue of their control over Sugarmilk Pte. Ltd. The Reporting Person disclaims beneficial ownership of Issuer's securities held by Sugarmilk Pte. Ltd., except to the extent of his respective pecuniary interest.