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FAT PROJECTS ACQUISITION CORP - FATP

  • Commons

    $9.78

    +0.00%

    FATP Vol: 0.0

  • Warrants

    $0.30

    -6.22%

    FATPW Vol: 25.1K

  • Units

    $10.08

    +0.00%

    FATPU Vol: 0.0

Average: 0
Rating Count: 0
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SPAC Stats

Market Cap: 112.7M
Average Volume: 339.0K
52W Range: $9.70 - $9.76
Weekly %: +0.10%
Monthly %: +0.31%
Inst Owners: 2

Info

Target: Searching
Days Since IPO: 149
Unit composition:
Each unit has an offering price of $10.00 and consists of one Class A ordinary share and one-half of one redeemable warrant
Trust Size: 10000000.0M

Management

Our officers and directors are as follows: Name Age Position Tristan Lo 38 Co-Chief Executive Officer, Director and Chairman of Board David Andrada 40 Co-Chief Executive Officer, Chief Financial Officer and Director Nils Michaelis 48 President, Chief Operating Officer, Head of Mergers and Acquisition, Director Abel Martins Alexandre 49 Independent Director Tina Wyer 46 Independent Director Stanton Sugarman 52 Independent Director Samir Addamine 48 Independent Director Alex Bono 46 Independent Director Tristan Lo serves as our Co-Chief Executive Officer and Chairman of the Board. Since May 2015, Mr. Lo has served as a Managing Partner of Fat Projects Pte. Ltd., an affiliate of our sponsor, where he identifies strategic partnership opportunities, guides equity investment strategy, and leads operations of the firm’s portfolio of companies. Mr. Lo has been a lifelong entrepreneur, starting his first company in advertising and marketing while completing his Business Degree at the University of Technology Sydney. Thereafter, he founded companies in Australia including a portfolio of telecommunication retail stores, online accredited training businesses, and a portfolio of hotel businesses. In March 2013, Mr. Lo moved to Singapore and became the founder and Chief Executive Officer of Mums.sg, an e-commerce B2C company. While at Mums.sg, Mr. Lo grew the e-commerce business from inception to operations across Singapore and further expanded by acquiring a complimentary e-commerce company in Hong Kong. In 2016, Mr. Lo, subsequently negotiated a majority sale to JD.ID, an e-commerce company based in Jakarta, Indonesia, part of NASDAQ listed JD.com. JD.com is widely recognized as one of the leading e-commerce companies in the world. Following the sale to JD.ID Mr. Lo spent 18 months on the ground in Jakarta helping build their Indonesian operations from infancy. Mr. Lo is an experienced operator scaling businesses via organic growth and mergers and acquisition across Asia Pacific. In October 2018, Mr. Lo became a director of Panamericana Pte. Ltd., a Singapore food and beverage company. In October 2019, Mr. Lo co-founded Clean Eats & Co Pte. Ltd., a Singapore food technology company and has been the chief executive officer thereof since then. Mr. Lo holds a Bachelor of Business, Marketing and E-Business from University of Technology Sydney. David Andrada serves as our Co-Chief Executive Officer and Chief Financial Officer. Since May 2015, Mr. Andrada has served a Managing Partner of Fat Projects Pte. Ltd., an affiliate of our sponsor, where he helps guide the firm’s capital raisings and M&A activity. Since September 2020, Mr. Andrada serves as the Chief Financial Officer of Clean Eats & Co Pte. Ltd., a Singapore company focusing on food technology, and a non-executive director for ipaymy.com - a financial technology company headquartered in Singapore with operations in Malaysia, Hong Kong and Australia. Mr. Andrada also advises several Small/Mid Cap companies in Southeast Asia on corporate finance projects, go-public and mergers and acquisitions strategies in industries including technology, telecommunications, energy and infrastructure. Mr. Andrada is a seasoned and globally recognized banking executive having held senior positions with HSBC Group from September 2014 through August 2020, and Bank of America Merrill Lynch across Sydney, Singapore and the United States. His last role at HSBC was Global Sector Head (from September 2017 through August 2020) spending most times between Houston and London, where he was globally responsible for the firm's institutional relationships in the Oil & Gas, Metals & Mining, Chemicals and Utilities sectors managing corporate investments, post-M&A treasury integration, digitization and treasury transformation projects. He led a team of senior banking professionals across Europe, Americas, Asia Pacific and Middle East covering some of the world's largest companies for their corporate treasury service’s needs. Prior to moving to Houston, Mr. Andrada was based out of Singapore where he was Asia Pacific Sector Head for the firm from 2014 through September 2017. Prior to this, he was Vice President at Bank of America Merrill Lynch in Sydney helping multinational companies in Asia Pacific with their Digital Transformation programs in Treasury and Supply Chain. Mr. Andrada holds a Bachelor of Commerce, Major in Management of Financial Institutions from De La Salle University, and took further post graduate studies at The University of Sydney Business School. Nils Michaelis will join us as the President, Chief Operating Officer and Head of Mergers & Acquisition effective July 15, 2021. Mr. Michaelis’ career spans 24 years, multiple industries and geographies, having held leadership positions for world-leading consultancies such as McKinsey & Company, Accenture, and corporations such as Bertelsmann and American Express. Mr. Michaelis has been at the forefront of digital transformation throughout his career and is a seasoned expert in identifying opportunities from digital technologies, designing new approaches and business models, and then executing and successfully scaling them through a combination of organic and M&A-driven growth. Throughout his career Mr. Michaelis has been driving M&A and the integration of acquisitions to accelerate and scale business for the corporations and the clients he has served – with significant M&A experience across Asia, Europe and North America. Since August 2013, Mr. Michaelis has been based in Singapore and held senior leadership roles at Accenture as Managing Director responsible for Digital in Southeast Asia and most recently as the responsible for transformation in consumer facing industries for the Growth Markets region (APAC, Africa Middle East and Latin America), designing and executing integrated technology-led transformation journeys for his clients across experience, enablement and efficiency layers. Mr. Michaelis is deeply entrenched into the global innovation and technology ecosystems and a recognized thought leader for corporations, tertiary institutions and government-linked enterprises. Mr. Michaelis holds a Master of Business Administration from Leuphana University of Lüneburg. 111 Abel Martins Alexandre has 25 years of experience that spans international banking and FTSE100 corporate on four continents, with an acute understanding of business strategy and development, corporate finance and M&A, governance and risk management. Mr. Martins Alexandre has worked on around 100 structured and corporate finance transactions in his career, in advanced as well as emerging markets, and developed and implemented a number of strategies across new business activities, asset restructuring and corporate reorganization. In the last five years, Mr. Martins Alexandre contributed significantly to the build-up of the commercial activities of Rio Tinto in Singapore as part of his position in the Commercial Senior Leadership Team, having created a new treasury function and operating model, centralized commodity trading and trade finance activities, and developed a technology transformation roadmap. Mr. Martins Alexandre was the Chief Development Officer of Rio Tinto from December 1, 2014 to June 30, 2016, its Head of Commercial Treasurer from July 1, 2016 to May 31, 2019, and Group Treasurer from June 1, 2019 to March 31, 2020. He was most recently a member of Finance Senior Leadership Team in his capacity as Treasurer for the Group (in charge on all global treasury, corporate and project finance, pensions and investments, and insurance activities) and played a key role in aligning sustainability to corporate finance, progressing technology transformation, and funding of mega projects. Mr. Martins Alexandre has a very strong and proven combination of strategic thinking, finance expertise, business acumen and leadership. Recent accolades include best Treasury team in Asia in 2018 and 2019, and one of the Top 100 FinTech influencers in Southeast Asia according to Lattice80. Mr. Martins Alexandre holds a Bachelor of Philosophy from Paris-Sorbonne University, Master of Business from Toulouse Business School, and Master of Business Administration from London Business School. Tina Wyer Mrs. Wyer has over 23 years’ experience, holding several C-suite roles, responsible for driving major change and transformation agendas across both the business and technology domains. Her work in the United States, Australia and Singapore gives her a unique perspective of the business functions, regulatory, controls and opportunity landscape across diverse disciplines, geographies and cultures. Mrs. Wyer recently retired from J.P. Morgan Chase as a Managing Director after a successful 17-year career, carrying numerous senior roles including: Firmwide Chief Data Officer in New York office (from August 2014 to April 2017), Asia Chief Technology Officer for Corporate Technology in Singapore office (April 2017 to August 2020), and Australia & New Zealand Chief Financial Officer (CFO) in Sydney office. Mrs. Wyer commenced her career at KPMG and BearingPoint thereafter, where she has led major systems transformation, Basel II and ERP implementation projects in Australia and the U.S. Mrs. Wyer’s merger and acquisition experience includes substantial involvement in the merger of Bank One with and into J.P. Morgan Chase, J.P. Morgan Chase’s sell of its corporate trust business to Bank of New York, and J.P. Morgan Chase’s acquisition of retail banking and regional middle-market businesses from Bank of New York. Mrs Wyer holds a Bachelor of Commerce from Deakin University in Burwood, Melbourne, and she is a Chartered Accountant qualified in Australia and New Zealand, and award winner of the 2020 Singapore Top 100 Women in Technology. Stanton Sugarman Mr. Sugarman’s 30-year career has seen him playing pioneering roles in the digitization of advertising, media & content, and most recently driving SaaS in the fastest growing region of the world. Mr. Sugarman has worked across the globe with leadership roles in North America, Europe and across the Asia Pacific region. Since May 1, 2021, Mr. Sugarman serves as the Chief Commercial Officer and Co-owner of the GAIA AG (global leader in Digital Therapeutics). Mr. Sugarman brings a deep understanding of the tech landscape and its evolution coupled with extensive insight into how to drive mass adoption for both B2C and B2B settings. Mr. Sugarman has contributed significantly to the rapid growth of SaaS business models – especially in the areas of marketing, sales, CRM and commerce, previously defining the customer adoption strategy for the C-Suite for Salesforce in Europe and Asia Pacific and was responsible for the Enterprise Key Account Business as the Chief Customer Officer APAC for Salesforce based out of Singapore. He is deeply entrenched into the start-up ecosystems in Silicon Valley, Germany and Southeast Asia and has been an active advisor and mentor to many start-ups. Mr. Sugarman served as Non-Executive Director for Unilever’s DACH Entity from September 2015 to August 2019. Mr. Sugarman was the Senior Vice President of Salesforce (San Francisco Bay office) from January 2016 and August 2019, and its Chief Customer Officer APAC from September 2019 to April 2021. Mr. Sugarman holds a BA (cum laude) from the University of California at Berkeley and a Master of Business Information Systems from the Rotterdam School of Management at Erasmus University and has a very strong and proven combination of pioneering business models and scaling them with clear business insight and acumen. Samir Addamine is a serial entrepreneur and innovation leader in the technology industry. He is well recognized as an expert in mobile and digital marketing and has advised some of the world’s leading brands on how to move towards a mobile-driven ecosystem. He founded ClicMobile in 2003, a mobile digital agency that focuses on the evolving digital world and shifting technological landscape. He was a senior executive at Framfab (a Swedish internet service company), where he developed mobile applications as well as mobile go-to-market strategies for businesses. In 2012, Mr. Addamine developed mobile applications (Follow-apps) to help enterprise companies build and grow successful mobile channels via an industry-leading analytics and engagement solution. In April 2014, Mr. Addamine incorporated FollowAnalytics, Inc., a Delaware corporation, to further develop Follow-apps. Today, FollowAnalytics is a fast-growing global leader in no-code/low-code mobile development. It is headquartered in San Francisco with offices in New York, Montreal, and Paris. Key partners include Salesforce, Adobe, and Microsoft, who recommend, distribute, and integrate FollowAnalytics solutions. Mr. Addamine is on the board of promising startup companies such as Zendoc, and is a strong advocate of digital transformation via mobile and No-code/Low-code software. He is also currently a board member on the Forbes technology council. Mr. Addamine received a Bachelor of Computer Science and Electrical Engineering from University Bourgogne France-Comté in 1993, and a Master of Business Development from Novancial Business School in Paris in 1995. 112 Alex Bono has more than 23 years of experience in Asia and Europe with a strong track record in digital and technology across large corporations and technology start-ups. He has experience both as an entrepreneur and intrapreneur. Mr. Bono has a proven track-record and hands-on knowledge of building and monetizing companies from zero to large size. He was the winner of the prestigious award “Top 50 HK Leaders in Retail” 2018, Best Hong Kong eCommerce platform 2018. Currently, Mr. Bono is the Chief Digital Officer of DKSH based in Singapore, providing digital leadership to the market expansion service company with $11.6 billion revenue in 2020 (SIX Swiss Exchange: DKSH), developing and implementing digital transformation across 36 countries and 4 large business units with strong focus on innovative business models. Prior to DKSH, he was CEO of Habbitzz Ltd in Hong Kong, a successful eCommerce company (owned by PCCW) and acted as Senior Vice President of eCommerce with PCCW Ltd, a Hong Kong-based information and communications technology company. Mr. Bono successfully created a proprietary consumer eCommerce business for PCCW. He was also leading the area of Innovation and Digital Transformation building innovative businesses and new revenue sources. His entrepreneurial journey includes the co-founding of Moms Asia Holdings in Singapore, in which JD.com (Nasdaq: JD) took a controlling equity investment, being the Founder & Managing Director of MKKO Ventures in Singapore as well as being a member of the Groupon co-founding team in Spain. Mr. Bono holds an International MBA from IE Business School in Madrid, Spain. He also holds a master’s degree in Computer Science and a master’s degree in E-Commerce from Polytechnic University of Valencia. Our officers are appointed by the board of directors and serve at the discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized to appoint persons to the offices set forth in our amended and restated memorandum and articles of association as it deems appropriate. Our amended and restated memorandum and articles of association provide that our officers may consist of a Chairman of the Board, Chief Executive Officer, Chief Financial Officer, President, Vice Presidents, Secretary, Treasurer, Assistant Secretaries and such other offices as may be determined by the board of directors. Director Independence Nasdaq listing standards require that a majority of our board of directors be independent. An “independent director” is defined generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship which in the opinion of the company’s board of directors, would interfere with the director’s exercise of independent judgment in carrying out the responsibilities of a director. We expect that our board of directors will determine that all of our directors, other than Tristan Lo and David Andrada, are “independent directors” as defined in the Nasdaq listing standards and applicable SEC rules. Our independent directors will have regularly scheduled meetings at which only independent directors are present. Officer and Director Compensation None of our officers has received any cash compensation for services rendered to us. Commencing on the date of this prospectus, we have agreed to pay Fat Ventures Pte. Ltd., an affiliate of our sponsor, a total of $10,000 per month for office space, utilities and secretarial and administrative support. Upon completion of our initial business combination or our liquidation, we will cease paying these monthly fees. No compensation of any kind, including any finder’s fee, reimbursement, consulting fee or monies in respect of any payment of a loan, will be paid by us to our sponsor, officers or directors or any affiliate of our sponsor, officers or directors, prior to, or in connection with any services rendered in order to effectuate, the consummation of our initial business combination (regardless of the type of transaction that it is). However, these individuals will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Our audit committee will review on a quarterly basis all payments that were made to our sponsor, officers or directors or our or their affiliates. Any such payments prior to an initial business combination will be made using funds held outside the trust account. Other than quarterly audit committee review of such payments, we do not expect to have any additional controls in place governing our reimbursement payments to our directors and executive officers for their out-of-pocket expenses incurred in connection with identifying and consummating an initial business combination. After the completion of our initial business combination, directors or members of our management team who remain with us may be paid consulting or management fees from the combined company. All of these fees will be fully disclosed to shareholders, to the extent then known, in the tender offer materials or proxy solicitation materials furnished to our shareholders in connection with a proposed initial business combination. We have not established any limit on the amount of such fees that may be paid by the combined company to our directors or members of management. It is unlikely the amount of such compensation will be known at the time of the proposed initial business combination, because the directors of the post-combination business will be responsible for determining officer and director compensation. Any compensation to be paid to our officers will be determined, or recommended to the board of directors for determination, either by a compensation committee constituted solely by independent directors or by a majority of the independent directors on our board of directors. 113 We do not intend to take any action to ensure that members of our management team maintain their positions with us after the consummation of our initial business combination, although it is possible that some or all of our officers and directors may negotiate employment or consulting arrangements to remain with us after our initial business combination. The existence or terms of any such employment or consulting arrangements to retain their positions with us may influence our management’s motivation in identifying or selecting a target b

Holder Stats

1 0
% of Shares Held by All Insider 3.98%
% of Shares Held by Institutions 15.63%
% of Float Held by Institutions 16.27%
Number of Institutions Holding Shares 2

SEC Filings

Form Type Form Description Filing Date Document Link
SC 13G/A 2021-12-07 https://www.sec.gov/Archives/edgar/data/1865045/000146179021000069/13GA_FATPU_20211207.htm
8-K FORM 8-K 2021-12-02 https://www.sec.gov/Archives/edgar/data/1865045/000110465921145732/tm2134213d1_8k.htm
10-Q 10-Q 2021-11-26 https://www.sec.gov/Archives/edgar/data/1865045/000110465921143948/fatpu-20210930x10q.htm
SC 13G SC 13G 2021-10-25 https://www.sec.gov/Archives/edgar/data/1865045/000110465921129499/tm2130959d1_sc13g.htm
3 OWNERSHIP DOCUMENT 2021-10-22 https://www.sec.gov/Archives/edgar/data/1865045/000110465921129128/xslF345X02/tm2130877-1_3seq1.xml
SC 13G FORM SC 13G 2021-10-22 https://www.sec.gov/Archives/edgar/data/1865045/000106299321009807/formsc13g.htm
8-K FORM 8-K 2021-10-22 https://www.sec.gov/Archives/edgar/data/1865045/000110465921128567/tm2130720d1_8k.htm
SC 13G 2021-10-21 https://www.sec.gov/Archives/edgar/data/1865045/000121465921010667/p1021211sc13g.htm
SC 13G SC 13G 2021-10-20 https://www.sec.gov/Archives/edgar/data/1865045/000110465921127684/tm2130576d1_sc13g.htm
SC 13G 2021-10-19 https://www.sec.gov/Archives/edgar/data/1865045/000149315221025778/formsc13g.htm
8-K FORM 8-K 2021-10-15 https://www.sec.gov/Archives/edgar/data/1865045/000110465921126840/tm2130166d1_8k.htm
424B4 424B4 2021-10-14 https://www.sec.gov/Archives/edgar/data/1865045/000110465921126099/tm2129764d2_424b4.htm
SC 13G 2021-10-13 https://www.sec.gov/Archives/edgar/data/1865045/000146179021000058/13G_FATPU_20211013.htm
EFFECT 2021-10-12 https://www.sec.gov/Archives/edgar/data/1865045/999999999521003846/xslEFFECTX01/primary_doc.xml
S-1/A S-1/A 2021-10-12 https://www.sec.gov/Archives/edgar/data/1865045/000110465921125216/tm2129764d1_s1a.htm
CORRESP 2021-10-07 https://www.sec.gov/Archives/edgar/data/1865045/000110465921124052/filename1.htm
CORRESP 2021-10-07 https://www.sec.gov/Archives/edgar/data/1865045/000110465921124051/filename1.htm
CERT 2021-10-07 https://www.sec.gov/Archives/edgar/data/1865045/000135445721001136/8-ACert_FATP_211007.pdf
8-A12B 8-A12B 2021-10-07 https://www.sec.gov/Archives/edgar/data/1865045/000110465921123762/tm2129391d1_8a12b.htm
S-1/A S-1/A 2021-09-30 https://www.sec.gov/Archives/edgar/data/1865045/000110465921121300/tm2128879d1_s1a.htm
S-1/A FORM S-1/A 2021-09-27 https://www.sec.gov/Archives/edgar/data/1865045/000110465921119496/tm2125379d3_s1a.htm
CORRESP 2021-09-24 https://www.sec.gov/Archives/edgar/data/1865045/000110465921119497/filename1.htm
UPLOAD 2021-09-15 https://www.sec.gov/Archives/edgar/data/1865045/000000000021011205/filename1.pdf
CERT 2021-08-27 https://www.sec.gov/Archives/edgar/data/1865045/000135445721000980/8-ACert_FATP.pdf
8-A12B 8-A12B 2021-08-23 https://www.sec.gov/Archives/edgar/data/1865045/000110465921108458/tm2125552d2_8a12b.htm
S-1/A FORM S-1/A 2021-08-20 https://www.sec.gov/Archives/edgar/data/1865045/000110465921107871/tm2125379d1_s1.htm
CORRESP 2021-08-19 https://www.sec.gov/Archives/edgar/data/1865045/000110465921107872/filename1.htm
UPLOAD 2021-07-14 https://www.sec.gov/Archives/edgar/data/1865045/000000000021008668/filename1.pdf
S-1 FORM S-1 2021-06-16 https://www.sec.gov/Archives/edgar/data/1865045/000110465921081634/tm2118453d1_s1.htm