Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On April 19, 2023, Fat Projects Acquisition Corp., a Cayman Islands exempt
company limited by shares, with company registration number 374480 (the
"Company") received a written notice (the "Notice") from the Listing
Qualifications Department of The Nasdaq Stock Market ("Nasdaq") indicating that,
since the Company's press release filed on April 17, 2023 reported 485,593
publicly held shares, the Company no longer complies with Listing Rule
5450(b)(2)(B), due to the Company's failure to meet the minimum 1,100,000
publicly held shares requirement for continued listing on the Nasdaq Global
Market. The Notice is only a notification of deficiency, not of imminent
delisting, and has no current effect on the listing or trading of the Company's
securities on the Nasdaq Global Market.
The Notice states that the Company has until June 5, 2023 to submit a plan to
regain compliance with Listing Rule 5450(b)(2)(B). The Company is exploring all
options to regain compliance with Listing Rule 5450(b)(2)(B). The Company
intends to submit a plan to regain compliance with Listing Rule 5450(b)(2)(B)
within the required timeframe. If Nasdaq accepts the Company's plan, Nasdaq may
grant the Company an extension of up to 180 calendar days from the date of the
Notice to evidence compliance with Listing Rule 5450(b)(2)(B). If Nasdaq does
not accept the Company's plan, the Company will have the opportunity to appeal
the decision in front of a Nasdaq Hearings Panel.
Item 9.01. Exhibits.
Exhibit
Number Description of Exhibit
104 Cover Page Interactive Data File (embedded with the Inline XRBL document).
1© Edgar Online, source Glimpses
FAT PROJECTS ACQUISITION CORP 
