Lucosky Brookman Successfully Represents Avenseus Holdings Pte. Ltd. in SPAC Transaction; Company signs Business Combination Agreement with Fat Projects Acquisition
Lucosky Brookman LLP congratulates its client, Avanseus Holdings, Inc., on its business combination with Fat Projects Acquisition.
Avanseus Holdings Pte. Ltd. and Fat Projects Acquisition, both based in Singapore, executed a business combination agreement that would give Avanseus a pro forma enterprise value of approximately $135.7 million.
Avanseus specializes in building enterprise solutions driven by analytics, artificial intelligence, machine learning, and cognitive computing. It has developed a suite of artificial intelligence-based proprietary algorithms that continuously analyze relevant data and is currently focused on predictive operations and maintenance software, primarily in the telecommunications sector. Avanseus solutions are deployed in Asia, the United Kingdom, Europe, and South America.
Avanseus was founded in 2015 and is headquartered in Singapore, with employees based in Singapore, India, and Italy, and a network of partners across key global markets.
Lucosky Brookman served as U.S. legal counsel to Avanseus