Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB
16 August 2023 - 12:30AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(CHECK ONE): |
☐
Form 10-K ☐ Form 20-F ☐ Form 11-K
☒ Form 10-Q ☐ Form 10-D ☐ Form N-CEN |
|
☐
Form N-CSR |
Commission File Number: 001-40755
For Period Ended: June 30, 2023
☐ Transition Report on Form 10-K
☐ Transition Report on Form 20-F
☐ Transition Report on Form 11-K
☐ Transition Report on Form 10-Q
☐ Transition Report on Form N-SAR
For the Transaction Period Ended: __________________
Read Instruction (on back page) Before
Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply
that the commission has verified any information contained herein. |
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
PART I — REGISTRANT INFORMATION
Fat Projects Acquisition Corp
Full Name of Registrant
Former Name if Applicable
27 Bukit Manis Road
Address of Principal Executive Office (Street and
Number)
Singapore 099892
City, State and Zip Code
PART II — RULES 12b-25(b) AND (c)
If the subject report could not be filed without
unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box
if appropriate)
☒ |
(a)
The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
(b)
The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof,
will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report of transition
report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
(c)
The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |
PART III — NARRATIVE
State below in reasonable detail the reasons why
Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, or the transition report or portion thereof, could not be filed within the prescribed time period.
Fat Projects Acquisition Corp (the
“Company”) has determined that it is unable, without unreasonable effort or expense, to file its Quarterly Report
on Form 10-Q for the fiscal quarter ended June 30, 2023 (the “Q2 2023 Form 10-Q”) by the prescribed due date
because the Company is in the process of preparing the financial statements for the quarter ended June 30, 2023 and will need additional
time to complete such financial statements. The Company anticipates that it will file its Q2 2023 Form 10-Q within the five-day grace
period provided by Rule 12b-25 of the Securities Exchange Act of 1934, as amended.
PART IV — OTHER INFORMATION
| (1) | Name and telephone number of person to contact in regard to this notification |
|
David Andrada |
|
+61 |
|
452670069 |
|
(Name) |
|
(Area Code) |
|
(Telephone Number) |
(2) | Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934
or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was
required to file such report(s) been filed? If answer is no, identify report(s). |
| |
| ☒ Yes ☐ No |
(3) | Is it anticipated that any significant change in results of operations from the corresponding period for
the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? |
| |
| ☒ Yes ☐ No |
If so, attach an explanation of the
anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results
cannot be made.
The Company expects to report that for three months ended June 30, 2023, it
had a net loss of $598,169, which consisted of formation and operating costs $477,774, interest expenses accrued on promissory notes issued
to third party of $22,728, and interest expenses recognized on amortization of deferred debt financing costs $290,165, offset by interest
earned on investments held in its trust account of $192,498, and for six months ended June 30, 2023, it had a net loss of $942,472, which
consisted of formation and operating costs $1,343,820, interest expenses accrued on promissory notes issued to third party of $30,528,
and interest expenses recognized on amortization of deferred debt financing costs $397,396, offset by interest earned on investments held
in its trust account of $829,272.
For three months ended June 30, 2022, the
Company had a net loss of $78,464, which consisted of operating costs of $262,803 offset by interest earned on investments held in its
trust account of $184,339. For six months ended June 30, 2022, the Company had a net loss of $236,603, which consisted of operating costs
of $451,878 offset by interest earned on investments held in its trust account of $215,275.
Fat Project Acquisition Corp
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: |
August
15, 2023 |
|
By: |
/s/ David Andrada |
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