Aura Fat Projects Acquisition Corp

CIK:0001901886|SEC Filings

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
STATEMENTS OF OPERATIONS - USD ($)	Nov. 30, 2024	Nov. 30, 2023
Operating and formation costs	$ 938,890	$ 1,673,108
Loss from operations	(938,890)	(1,673,108)
Other income:
Interest earned on note receivable	5,014	342
Interest earned on marketable securities held in Trust Account	1,123,400	4,082,917
Unrealized gain on marketable securities held in Trust Account		624
Total other income, net	1,128,414	4,083,883
Net income	$ 189,524	$ 2,410,775
Class A Ordinary Shares [Member]
Other income:
Weighted average shares outstanding	1,983,273	8,274,829
Basic and diluted net loss per share	$ 0.04	$ 0.22
Class B Ordinary Shares [Member]
Other income:
Weighted average shares outstanding	2,875,000	2,875,000
Basic and diluted net loss per share	$ 0.04	$ 0.22

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
STATEMENTS OF CASH FLOWS - USD ($)	Nov. 30, 2024	Nov. 30, 2023
Cash Flows from Operating Activities:
Net income	$ 189,524	$ 2,410,775
Adjustments to reconcile net income to net cash used in operating activities:
Interest earned on marketable securities held in Trust Account	(1,123,400)	(4,082,917)
Unrealized (gain) on marketable securities held in Trust Account		(624)
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	22,197	(10,399)
Accounts payable and accrued expenses	480,206	1,005,723
Net cash used in operating activities	(431,473)	(677,442)
Cash Flows from Investing Activities:
Investment of cash in Trust Account	(370,000)	(250,000)
Cash withdrawn from Trust Account in connection with redemption	28,911,257	92,514,424
Net cash provided by investing activities	28,541,257	92,264,424
Cash Flows from Financing Activities:
Advances from related party - Sponsor	112,516	550,000
Advances from related party - Allrites	231,666
Proceeds from extension loan	370,000	250,000
Repayment of advances from related party- Sponsor	(100,400)
Redemption of ordinary shares	(28,911,257)	(92,514,424)
Net cash used in financing activities	(28,297,475)	(91,714,424)
Net Change in Cash	(187,691)	(127,442)
Cash - Beginning of period	233,088	360,530
Cash - End of period	45,397	233,088
Non-Cash investing and financing activities:
Extension funds attributable to ordinary shares subject to redemption	370,000	250,000
Accretion of Class A ordinary shares carrying value to redemption value	$ 1,123,400	$ 4,083,541

BALANCE SHEETS - USD ($)	Nov. 30, 2024	Nov. 30, 2023
Current Assets
Cash	$ 45,397	$ 233,088
Prepaid expenses and other current assets	108,736	130,933
Total Current Assets	154,133	364,021
Cash and marketable securities held in Trust Account	3,186,602	30,604,459
Total Assets	3,340,735	30,968,480
Liabilities and Shareholders’ Deficit
Accounts payable and accrued expenses	1,610,031	1,129,825
Advances from related party - Allrites	231,666
Advances from related party - Sponsor	1,182,116	800,000
Total Current Liabilities	3,023,813	1,929,825
Deferred underwriting commission	4,025,000	4,025,000
Total Liabilities	7,048,813	5,954,825
Class A ordinary shares subject to possible redemption; $0.0001 par value; 269,510 and 2,791,696 shares at a redemption value of $11.82 and $10.96 per share as of November 30, 2024 and 2023, respectively	3,186,602	30,604,459
Shareholders’ Deficit
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding
Accumulated deficit	(6,894,980)	(5,591,104)
Total Shareholders’ Deficit	(6,894,680)	(5,590,804)
Total Liabilities and Shareholders’ Deficit	3,340,735	30,968,480
Common Class A [Member]
Shareholders’ Deficit
Ordinary shares value	12	12
Common Class B [Member]
Shareholders’ Deficit
Ordinary shares value	$ 288	$ 288