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Fat Projects Acquisition Corp. Confirms Funding to Extend Period to Consummate Initial Business Combination to October 15, 2023

SINGAPORE, Sept. 19, 2023 (GLOBE NEWSWIRE) — Fat Projects Acquisition Corp (NASDAQ: FATPU, FATP, FATPW) (“FATP”), a special purpose acquisition company, announced today that on September 14, 2023, the Company deposited into its trust account an aggregate of $24,279.65 representing $0.05 per share for each of its 485,593 outstanding publicly held Class A ordinary shares. The deposit enables the Company to extend the period of time it has to consummate its initial business combination by one month from September 15, 2023 to October 15, 2023 (the “Extension”). The Extension is the sixth of up to nine one-month extensions permitted under the Company’s governing documents. The funds came from the working capital of the Company raised from non-interest-bearing loans from affiliates of the Company’s Sponsor, directors or officers.