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

Role: Co-Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Tristan Lo, By Nelson Mullins Riley & Scarborough through Power of Attorney
Stock symbol: FATP
Transactions as of: Apr 20, 2023
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 6/12/2023, 07:28 PM
Date Of Original Report: May 24, 2023
Previous filing: Jun 8, 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	-2.1K	-0.53%	$0.00	392K	Apr 20, 2023	Class A Ordinary Shares	2.1K		See Footnote	F1, F2, F3, F4

* 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 Issuers 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 Fat Projects International Investments and Holdings Limited ("FPIIHL"). The Reporting Person controls and owns a 50% equity interest in FPIIHL and may be deemed to beneficially own half of the Issuer's securities held by FPIIHL by virtue of his control of and 50% ownership interest in FPIIHL. The amount reported in column 5 represents half of the Class B ordinary shares disposed of by FPIIHL and the amount reported in column 9 represents half of the Class B ordinary shares held by FPIIHL after the disposition. The Reporting Person disclaims beneficial ownership of the Issuer's securities held by FPIIHL, except to the extent of his pecuniary interest.