Abel Martins - Apr 20, 2023 Form 4/A - Amendment Insider Report for FAT PROJECTS ACQUISITION CORP (FATP)

Role: Director
Signature: /s/ Abel Martins Alexandre, By Nelson Mullins Riley & Scarborough through Power of Attorney
Stock symbol: FATP
Transactions as of: Apr 20, 2023
Transactions value $: $5,000
Form type: 4/A - Amendment
Date filed: 6/12/2023, 01:32 PM
Date Of Original Report: May 24, 2023
Previous filing: Jun 12, 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	-455	-0.54%	$0.00	84.3K	Apr 20, 2023	Class A Ordinary Shares	455		See Footnote	F1, F2, F3, F4
transaction	FATP	Class B Ordinary Shares	Other	$5K	+500	+0.59%	$10.00	84.8K	Apr 20, 2023	Class A Ordinary Shares	500		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 Melody Investments & Advisory Pte Ltd. The Reporting Person may be deemed to beneficially own shares held by Melody Investments & Advisory Pte Ltd by virtue of his control over Melody Investments & Advisory Pte Ltd. The Reporting Person disclaims beneficial ownership of the Issuer's securities held by Melody Investments & Advisory Pte Ltd, except to the extent of his pecuniary interest.
F5	Melody Investments & Advisory Pte Ltd purchased a $5,000 non-interest-bearing, unsecured note in one of the offerings described in Note 2 and received these shares in connection with the note purchase. The Reporting Person disclaims beneficial ownership of Issuer's securities held by Melody Investments & Advisory Pte Ltd, except to the extent of his pecuniary interest.