Aura FAT Projects Acquisition files registration statement on Form F-4

Aura FAT Projects Acquisition Corp and Allrites Holdings announced the filing of a registration statement on Form F-4, which contains a preliminary proxy statement/prospectus, with the U.S. Securities and Exchange Commission in connection with their recently proposed business combination. While the Registration Statement, which can be found here, has not yet become effective, and the information contained therein is subject to change, it provides important information about Allrites’ business and operations, the proposed business combination with AFAR, and the proposals to be considered by AFAR’s shareholders. Allrites is a profitable global B2B content marketplace and the owner of cutting-edge proprietary CaaS technology for buyers of film & TV content including established and emerging broadcasters and streaming platforms and sellers such as major studios, independent producers, and production companies around the world. Allrites is disrupting what is currently a long and painful process for producers and distributors, solving a pain point with their sales efforts. With Allrites’ CaaS technology, content creators and studios can sell and monetize film and TV content and generate recurring revenues in less time and with greater ease. Allrites benefits from a first mover advantage as one of the initial digital marketplaces providing service via a CaaS model with the total addressable market for film and TV content distribution estimated to reach $271.2 billion by 2025 according to PwC’s Global Entertainment & Media Outlook 2021-2025. By 2026, the TAM in global film & TV industry will approach US$3.0 trillion in revenues, according to PwC’s report, Perspectives from the Global Entertainment & Media Outlook 2022-2026. On May 8, 2023, AFAR entered into a definitive Business Combination Agreement with Allrites, which is expected to close in the second half of 2023, subject to approval by AFAR shareholders, the Registration Statement being declared effective by the SEC, and other customary closing conditions. The transaction values Allrites at an estimated proforma enterprise value of $92.0 million.