Aura FAT Projects Acquisition Corp announced that it has entered into a purchase agreement with returning investor Aura FAT Projects Capital LLC for a private placement to issue a promissory note for gross proceeds of up to $1,000,000 on October 12, 2023. The note does not bear any interest. The maturity date of the note is the closing of the previously announced business combination with Allrites Holdings Pte.

Ltd, a Singapore private company limited by shares, or the liquidation of the company. The note will be convertible into common shares at a fixed price of $10 per note.