BUSINESS STRATEGY
Our business strategy is to identify and complete our initial business combination with a company that our management and board believes has compelling potential for value creation. Given the reputation, experience and track record of our management team and board of directors, we believe the company is well-positioned to identify unique opportunities within our targeted sectors. Our selection process will leverage our relationships and involve blockchain development firms and protocols, angel investors, venture capitalists, private equity and growth equity funds, as well as the deep network within the financial technology industry of our team and board of directors, which we believe should provide us with a key competitive advantage in sourcing potential business combination targets.
COMPETITIVE STRENGTHS
Specifically, we believe that our unique ability to source and attract business combination targets comes from our position as a SPAC primarily focused on new financial services technology and our management team’s:
Dynamic, targeted growth
We have a demonstrated ability to develop and grow companies, both organically and through strategic transactions and acquisitions, and expanding the product range and geographic footprint of a number of target businesses.
Deep and global base of relationships
The Aura Fat Projects team has a deep and global base of relationships, including leading industry venture capital firms, executives, press, and bankers.
Track records in growth acceleration
Executive and non-executive members of the Aura Fat Projects team have track records of leading, managing or supporting investments in companies to accelerate their growth and maturation, including venture-based investments led by our team.
Unique collection of deal-sourcing assets
We have a unique collection of deal-sourcing assets, direct investments, advisory work and community building assets.
Strong transitions to the public market
We have deep and prolific experience in helping private companies prepare and manage the transition to the public markets.
BUSINESS COMBINATION CRITERIA
Consistent with our business strategy, we have identified the following general criteria and guidelines that we believe are important in evaluating prospective target businesses. We plan to use these criteria and guidelines in evaluating initial business combination opportunities, but we may decide to consummate our initial business combination with a target business that does not meet one or more of these criteria and guidelines. We intend to seek to acquire companies within industries that exhibit strong characteristics including, but not limited to, the following:
significant established market position and domestic and international expansion potential,
its own solid technological base or access to a stable, capable outside supplier,
capability and commitment to full financial markets regulation and SEC compliance, and
a motivated and capable management team.
While we may pursue an initial business combination opportunity in any business, industry, sector or geographic region, we intend to focus on the acquisition of new emerging technology companies with significant Web 3.0, blockchain, cryptocurrency, digital ledger, e-gaming and other new financial technology and services application. We view our most attractive emerging cryptocurrency markets as Southeast Asia (such as Singapore, Indonesia, Vietnam, Thailand, Malaysia and the Philippines), Australia, and New Zealand.
These criteria and guidelines are not intended to be exhaustive. Any evaluation relating to the merits of a particular initial business combination may be based, to the extent relevant, on these general criteria and guidelines as well as other considerations, factors and criteria that our management may deem relevant. In the event that we decide to enter into an initial business combination with a target business that does not meet the above criteria and guidelines, we will disclose that the target business does not meet the above criteria and guidelines in our shareholder communications related to our initial business, which, as discussed in this prospectus, would be in the form of proxy solicitation or tender offer materials, as applicable, that we would file with the SEC.
