Allrites Holdings Pte. Ltd., A Cutting-Edge Global B2B Content Marketplace With Proprietary Content As A Service Technology, Plans To Become Public Via A Business Combination With Aura FAT Projects Acquisition Corp.
Rimon congratulates its client, Allrites Holdings Pte Ltd. on its agreement to go public via a definitive business combination agreement with a US-listed blank check firm Aura FAT Projects Acquisition Corp.
The transaction has an estimated pro forma basis enterprise value for Allrites Holdings Pte. Ltd. of US$92 million. The deal also includes a potential $18 million in earnout over two years, subject to the company achieving certain revenue targets. The agreement allows Aura Fat Projects to seek private investment in public equity, or PIPE, before closing the transaction.
The deal was led by Rimon attorneys Debbie Klis and Carl Sherer, with support from attorneys, Victoria Yang, Ivan Komaritsky, Bob Cocchia, Craig Tanner, Roy Gillig, David Devernoe,Amy Baker, and paralegal Anne Mitzelfelt.