Tina Wyer - Feb 10, 2023 Form 4/A - Amendment Insider Report for FAT PROJECTS ACQUISITION CORP (FATP)

Role
Director
Signature
/s/ Christina Wyer, By Nelson Mullins Riley & Scarborough through Power of Attorney
Stock symbol
FATP
Transactions as of
Feb 10, 2023
Transactions value $
$10,000
Form type
4/A - Amendment
Date filed
6/8/2023, 10:25 AM
Date Of Original Report
May 23, 2023
Previous filing
Mar 22, 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 Class B Ordinary Shares Other $0 -2.32K -2.62% $0.00 86.2K Feb 10, 2023 Class A Ordinary Shares 2.32K See Footnote F1, F2, F3, F4
transaction FATP Class B Ordinary Shares Other $10K +1K +1.16% $10.00 87.2K Feb 10, 2023 Class A Ordinary Shares 1K See Footnote F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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).
F2 In January 2023, the Issuer began two private offerings of notes: (1) an offering of up to $1 million in aggregate principal amount of non-interest-bearing, unsecured notes and (2) an offering to prospective investors who are not affiliates of the Issuer, its sponsor, any officer or director of the Issuer or any of their affiliates of up to $1.0625 million in aggregate principal amount of 15% interest-bearing, unsecured notes. The purpose of the offerings was to raise working capital and capital to fund extensions of the Issuer's deadline to complete its initial business combination.
F3 In connection with, and to support and encourage subscriptions to, these offerings, all of the existing holders of the Company's Class B ordinary shares (other than certain public anchor investors who are not affiliated with the Issuer, its sponsor or any of its directors or officers) agreed to contribute without consideration up to 5% of their Class B ordinary shares so the purchasers of the notes would receive one Class B ordinary share for each $10.00 in principal amount of notes purchased. The shares reported as disposed of above were transferred to the purchasers of notes without consideration as part of that 5% contribution.
F4 The securities are held directly by Wyer Investments Pty Ltd. The Reporting Person may be deemed to beneficially own shares held by Wyer Investments Pty Ltd by virtue of her control Wyer Investments Pty Ltd. The Reporting Person disclaims beneficial ownership of the Issuer's securities held by Wyer Investments Pty Ltd, except to the extent of her pecuniary interest.
F5 Wyer Investments Pty Ltd purchased a $10,000 non-interest-bearing, unsecured note in one of the offerings described in Note 2 and received these shares in connection with the note purchase.