Australian duo David Andrada and Tristan Lo recently incorporated a Singaporean shell company called Fat Projects Acquisition Corp (FATP). They intend to take the company public as a special purpose acquisition company (SPAC), in the hopes of acquiring a business after the IPO.

However, FATP will not be listed on the Singapore Exchange (SGX) as SPACs have yet to be introduced here. Instead, it will be pursuing a SPAC listing on Nasdaq.

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