Thunder Power Holdings, Inc. Announces Financial Results and Strategic Developments
Thunder Power Holdings (NASDAQ: AIEV), an EV technology innovator, announced its FY2024 results and strategic developments. Key highlights include:
- Transfer from Nasdaq Global Market to Nasdaq Capital Market, effective March 28, 2025
- Pending share exchange transaction with Electric Power Technology , involving issuance of 37.6M AIEV shares for 31.6M TW Company shares
- TW Company's recent acquisition of 4.4MW solar generation capacity through agreements with Laiyang and Jinlaiyang Solar Energy
Financial Results for FY2024:
- Zero revenue, unchanged from 2023
- Operating expenses increased to $2.4M from $1.8M in 2023
- Net loss of $2.4M compared to $1.8M in 2023
The company aims to leverage the TW Company transaction to establish initial revenue streams and expand its presence in the green energy sector, particularly in Taiwan, which is designated as the launch market for its first EV.
Thunder Power Holdings (NASDAQ: AIEV), un innovatore nella tecnologia dei veicoli elettrici, ha annunciato i risultati per l'anno fiscale 2024 e gli sviluppi strategici. I punti salienti includono:
- Trasferimento dal Nasdaq Global Market al Nasdaq Capital Market, efficace dal 28 marzo 2025
- Transazione di scambio azionario in attesa con Electric Power Technology, che prevede l'emissione di 37,6 milioni di azioni AIEV per 31,6 milioni di azioni della TW Company
- Recent acquisizione della TW Company di una capacità di generazione solare di 4,4 MW tramite accordi con Laiyang e Jinlaiyang Solar Energy
Risultati finanziari per l'anno fiscale 2024:
- Entrate pari a zero, invariato rispetto al 2023
- Le spese operative sono aumentate a 2,4 milioni di dollari rispetto a 1,8 milioni di dollari nel 2023
- Perdita netta di 2,4 milioni di dollari rispetto a 1,8 milioni di dollari nel 2023
L'azienda mira a sfruttare la transazione con la TW Company per stabilire flussi di entrate iniziali e ampliare la propria presenza nel settore dell'energia verde, in particolare a Taiwan, che è designato come mercato di lancio per il suo primo veicolo elettrico.
Thunder Power Holdings (NASDAQ: AIEV), un innovador en tecnología de vehículos eléctricos, anunció sus resultados del año fiscal 2024 y desarrollos estratégicos. Los puntos destacados incluyen:
- Transferencia del Nasdaq Global Market al Nasdaq Capital Market, efectiva a partir del 28 de marzo de 2025
- Transacción de intercambio de acciones pendiente con Electric Power Technology, que involucra la emisión de 37,6 millones de acciones AIEV por 31,6 millones de acciones de la TW Company
- Adquisición reciente de la TW Company de una capacidad de generación solar de 4,4 MW a través de acuerdos con Laiyang y Jinlaiyang Solar Energy
Resultados financieros para el año fiscal 2024:
- Ingresos de cero, sin cambios desde 2023
- Los gastos operativos aumentaron a 2,4 millones de dólares desde 1,8 millones de dólares en 2023
- Pérdida neta de 2,4 millones de dólares en comparación con 1,8 millones de dólares en 2023
La empresa busca aprovechar la transacción con la TW Company para establecer flujos de ingresos iniciales y expandir su presencia en el sector de energía verde, particularmente en Taiwán, que está designado como el mercado de lanzamiento para su primer vehículo eléctrico.
Thunder Power Holdings (NASDAQ: AIEV), 전기차 기술 혁신 기업이 FY2024 결과 및 전략적 개발을 발표했습니다. 주요 내용은 다음과 같습니다:
- 2025년 3월 28일부터 Nasdaq Global Market에서 Nasdaq Capital Market으로 이전
- Electric Power Technology와의 주식 교환 거래 대기 중, 3,760만 AIEV 주식 발행 대 3,160만 TW Company 주식
- TW Company의 최근 Laiyang 및 Jinlaiyang Solar Energy와의 계약을 통한 4.4MW 태양광 발전 용량 인수
FY2024 재무 결과:
- 수익 0, 2023년과 동일
- 운영 비용 180만 달러에서 240만 달러로 증가
- 2023년 180만 달러에 비해 240만 달러의 순손실
회사는 TW Company 거래를 활용하여 초기 수익원을 구축하고 대만에서 첫 전기차 출시 시장으로 지정된 녹색 에너지 분야에서의 입지를 확장하는 것을 목표로 하고 있습니다.
Thunder Power Holdings (NASDAQ: AIEV), un innovateur dans la technologie des véhicules électriques, a annoncé ses résultats pour l'exercice 2024 et ses développements stratégiques. Les points clés incluent :
- Transfert du Nasdaq Global Market au Nasdaq Capital Market, effectif à partir du 28 mars 2025
- Transaction d'échange d'actions en attente avec Electric Power Technology, impliquant l'émission de 37,6 millions d'actions AIEV pour 31,6 millions d'actions de la TW Company
- Acquisition récente de la TW Company d'une capacité de génération solaire de 4,4 MW par le biais d'accords avec Laiyang et Jinlaiyang Solar Energy
Résultats financiers pour l'exercice 2024 :
- Revenus nuls, inchangés par rapport à 2023
- Les dépenses d'exploitation ont augmenté à 2,4 millions de dollars contre 1,8 million de dollars en 2023
- Perte nette de 2,4 millions de dollars par rapport à 1,8 million de dollars en 2023
L'entreprise vise à tirer parti de la transaction avec la TW Company pour établir des flux de revenus initiaux et élargir sa présence dans le secteur de l'énergie verte, en particulier à Taïwan, qui est désigné comme le marché de lancement pour son premier véhicule électrique.
Thunder Power Holdings (NASDAQ: AIEV), ein Innovator im Bereich der EV-Technologie, hat seine Ergebnisse für das Geschäftsjahr 2024 und strategische Entwicklungen bekannt gegeben. Die wichtigsten Punkte umfassen:
- Übertragung vom Nasdaq Global Market zum Nasdaq Capital Market, wirksam ab dem 28. März 2025
- Ausstehende Aktienaustauschtransaktion mit Electric Power Technology, bei der 37,6 Millionen AIEV-Aktien gegen 31,6 Millionen TW Company-Aktien ausgegeben werden
- Jüngste Akquisition der TW Company von 4,4 MW Solarstromerzeugungskapazität durch Vereinbarungen mit Laiyang und Jinlaiyang Solar Energy
Finanzergebnisse für das Geschäftsjahr 2024:
- Null Einnahmen, unverändert seit 2023
- Betriebskosten stiegen von 1,8 Millionen Dollar auf 2,4 Millionen Dollar im Jahr 2023
- Nettoverlust von 2,4 Millionen Dollar im Vergleich zu 1,8 Millionen Dollar im Jahr 2023
Das Unternehmen plant, die Transaktion mit der TW Company zu nutzen, um erste Einnahmequellen zu schaffen und seine Präsenz im Bereich der grünen Energie, insbesondere in Taiwan, auszubauen, das als Markteinführungsmarkt für sein erstes Elektrofahrzeug vorgesehen ist.
- Strategic expansion into solar energy market through TW Company acquisition
- Entry into Taiwan market, targeted for first EV launch
- Potential revenue generation through solar power assets
- Maintained Nasdaq listing through transfer to Capital Market
- Zero revenue in FY2024, unchanged from 2023
- Increased net loss to $2.4M from $1.8M in 2023
- Higher operating expenses at $2.4M, up from $1.8M
- Downgrade from Nasdaq Global Market to Capital Market
Insights
Thunder Power's financial results reveal a pre-revenue company with deepening losses - operating expenses increased 33% to
The transfer from Nasdaq Global Market to Capital Market appears to be a strategic downgrade designed to provide more operational flexibility with less stringent listing requirements. This move typically occurs when companies struggle to meet the higher market capitalization and financial requirements of the Global Market tier.
The pending share exchange with Electric Power Technology represents a significant pivot toward diversification. By issuing approximately 37.6 million shares (a substantial portion of equity) to acquire 31.6 million shares in a Taiwanese solar company, Thunder Power is attempting to secure immediate revenue streams while still developing its EV business. The acquisition of 4.4 megawatts of solar generation capacity provides tangible assets in a market where the Taiwanese government has committed to increasing renewable energy targets.
This transaction reflects a pragmatic approach to the cash-intensive nature of EV development. Rather than continuing to burn cash with no revenue, management is attempting to create a hybrid business model spanning both electric vehicles and renewable energy generation. The strategy makes particular sense in their designated launch market of Taiwan, potentially creating synergies between power generation and EV charging infrastructure.
Thunder Power's financial performance suggests a company still far from commercialization in the highly competitive EV market. With zero revenue and increasing losses, the developmental timeline appears to be extending beyond initial projections, a common challenge for EV startups grappling with the capital-intensive nature of vehicle development.
The strategic diversification into solar energy through the Electric Power Technology acquisition represents a significant shift in business model. Rather than focusing exclusively on the challenging EV manufacturing space, Thunder Power is positioning itself as a broader clean energy solution provider. This integrated approach combining mobility and electricity generation could potentially create differentiated market positioning, but also risks diluting focus from completing their core EV products.
Taiwan as the chosen launch market is strategically intriguing. With substantial electronics manufacturing infrastructure and government support for renewable energy, the region offers advantages for an EV startup. However, it's a relatively small market compared to mainland China or other major Asian automotive markets, suggesting Thunder Power may be pursuing a niche strategy rather than mass-market adoption.
The lack of specific timeline updates regarding vehicle development, production facilities, or certification progress is concerning for an EV manufacturer. Most successful EV companies provide detailed milestone roadmaps with clear validation points. The pivot to solar may indicate challenges in the core EV business that necessitated finding alternative revenue sources while vehicle development continues at a slower pace than initially planned.
Pending Share Exchange Transaction with Electric Power Technology Limited
On February 10, 2025, Thunder Power executed an Amendment Agreement (the "Amendment") with certain shareholders ("TW Shareholders") of Electric Power Technology Limited ("TW Company"). This Amendment amended the Share Exchange Agreement dated December 19, 2024 between the Company and TW Shareholders. The Company expect to issue approximately 37.6 million shares of the Company's common stock for approximately 31.6 million ordinary shares in TW Company. The closing of the transaction is subject to shareholder and regulatory approvals.
The TW Company is currently focused on the acquisition and development of solar power generation projects and the development of energy storage businesses. On March 4, 2025, TW Company announced that it entered into equity trading agreements with shareholders of Laiyang Solar Energy Co. (Laiyang) and Jinlaiyang Solar Energy Co. (Jinlaiyang) for the purchase of 4.4 megawatts generation capacity, which are expected to provide additional solar energy exposure for both TW Company and Thunder Power. Solar generation in
Christopher Nicoll, Chief Executive Officer of Thunder Power, commented, "Once the share exchange is approved, this transaction is expected to provide Thunder Power with an initial stream of revenue and further diversify AIEV as a green energy solution provider. AIEV is focused on addressing strategic gaps in the EV sector combined with a diversified approach across the clean energy value chain. Electric Power Technology is developing a growing position within the solar power industry, and we are excited to launch this partnership to deliver innovative power solutions to a variety of end markets going forward. We view this transaction as a deliberate next step to expand our capabilities and enter adjacent environmentally sustainable fields as we work to bring our EV's to market. We look forward to sharing additional exciting developments in the coming quarters."
Thunder Power Announces Transfer of Listing from Nasdaq Global Market to Nasdaq Capital Market (NASDAQ-CM)
On March 26, 2025, the Company received approval from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market. The transfer of the Company's listing to the Capital Market is not expected to have any impact on trading in the Company's common stock, which will continue to trade under the symbol "AIEV".
The Nasdaq Capital Market (NASDAQ-CM), previously known as the Nasdaq SmallCap Market, serves smaller capitalization companies with less stringent financial and liquidity listing requirements. The Nasdaq Capital Market benefits smaller companies focused on raising capital and lists a wide variety of companies, including those from technology, biotechnology, and other sectors.
"We believe listing on the Nasdaq Capital Market is more reflective of AIEV at this stage in our development, allowing us to focus on generating revenue, improving our balance sheet, and giving us more financial flexibility. This listing transfer, along with our pending stake in Electric Power Technology, positions the Company favorably for future growth," concluded Nicoll.
Thunder Power's securities began trading on NASDAQ-CM on March 28, 2025.
Full Year 2024 Financial Highlights:
- Revenues were nil, consistent with the same period in 2023
- Operating expenses were approximately
$2.4 million , compared to$1.8 million in the prior year. The changes were primarily attributable to a$0.3 million $0.7 million $0.5 million - Net loss was approximately
$2.4 million , compared to a net loss$1.8 million for the same period in 2023
Commenting on the Company's financial results, Nicoll continued, "As we look ahead to 2025, AIEV intends to capitalize on a number of strategic opportunities within the green energy market. We are focused on increasing and diversifying our revenue streams to further develop and deploy our EVs, driving sustainable growth and strengthening our financial footing. Additionally, once the Electric Power Technology transaction is completed, we will continue to pursue additional strategic targets in the attractive green energy landscape throughout 2025 and beyond."
About Thunder Power Holdings, Inc.
Thunder Power is a technology innovator and a developer of innovative electric vehicles ("EVs"). The Company has developed several proprietary technologies, which are the building blocks of the Thunder Power family of EVs. The Company is focused on design and development of high-performance EVs, targeting markets initially in
Contact:
AIEV Investor Relations
AIEV@dennardlascar.com
713-529-6600
Forward-Looking Statements
This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminologies such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results or outcomes could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including but not limited to, (i) operational risks, such as the Company's ability to successfully execute on its business plan, its ability to complete the acquisition of Electric Power Technology Limited; its ability to receive stockholder approval to issue its common stock in relation to the Share Exchange Agreement; its ability to successfully acquire assets on terms that are favorable to the Company; its ability to integrate acquired assets effectively; and its ability to adapt operations in response to accidents, extreme weather events, natural disasters, and related economic effects; (ii) regulatory and compliance risks, such as the impact of new or amended governmental laws and regulations, including tariffs, clean energy policies, and environmental standards; changes in tax laws or tax-related matters; its ability to receive a successful audit outcome under Generally Accepted Accounting Standards; and its ability to maintain its listing on the Nasdaq Global Market or successfully transfer its listing to the Nasdaq Capital Market; (iii) financial risks, such as the Company's liquidity position and ability to obtain additional financing, if necessary; foreign currency exchange rate fluctuations; interest rate volatility; the Company's current pre-revenue status and uncertainties surrounding its ability to generate revenue in the future, including potential delays in product development, market acceptance, or achieving profitability; (iv) market and industry risks, such as fluctuations in consumer acceptance and demand for electric vehicles; competition within the EV sector; the Company's ability to integrate solar power technology into its products as part of clean energy innovation initiatives; fluctuations in the availability and cost of raw materials critical for EV production; and advancements in battery technology or alternative energy solutions that may impact market dynamics, and (v) such known factors as are detailed in the Company's final proxy statement/prospectus pursuant to rule 424(b)(3) filed with the Securities and Exchange Commission on May 17, 2024, Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the Securities and Exchange Commission, and in other reports filed by the Company with the Securities and Exchange Commission from time to time and available on the SEC's website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors and those reported in the Company's filings with the Securities and Exchange Commission. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements, except as required by applicable laws, regulations or rules.
THUNDER POWER HOLDINGS, INC. (f/k/a Feutune Light Acquisition Corporation) | ||||||||
December 31, | December 31, | |||||||
ASSETS | ||||||||
Current Assets | ||||||||
Cash | $ | 52,616 | $ | 196,907 | ||||
Deferred offering costs | — | 429,750 | ||||||
Prepaid expenses for forward purchase contract | 13,114,964 | — | ||||||
Other current assets | 382,865 | 623,221 | ||||||
Total Current Assets | 13,550,445 | 1,249,878 | ||||||
Non-current Assets | ||||||||
Property and equipment, net | — | 1,974 | ||||||
Right of use assets | 4,614 | 5,740 | ||||||
Total Non-current Assets | 4,614 | 7,714 | ||||||
Total Assets | $ | 13,555,059 | $ | 1,257,592 | ||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||
Current Liabilities | ||||||||
Advance of subscription fees from shareholders | $ | — | $ | 590,000 | ||||
Amount due to related parties | 1,766,287 | 68,992 | ||||||
Other payable and accrued expenses | 2,340,440 | 97,297 | ||||||
Lease liabilities | 3,455 | — | ||||||
Underwriter fee payable | 2,921,250 | — | ||||||
Total Current Liabilities | 7,031,432 | 756,289 | ||||||
Total Liabilities | 7,031,432 | 756,289 | ||||||
Commitments and Contingencies | ||||||||
Shareholders' Equity | ||||||||
Common stock ( | 5,073 | 3,749 | ||||||
Additional paid-in capital* | 43,450,667 | 34,927,449 | ||||||
Accumulated loss | (36,932,246) | (34,429,895) | ||||||
Accumulated other comprehensive income | 133 | — | ||||||
Total Shareholders' Equity | 6,523,627 | 501,303 | ||||||
Total Liabilities and Shareholders' Equity | $ | 13,555,059 | $ | 1,257,592 | ||||
* | The share information and additional paid-in capital are presented on a retroactive basis to reflect the reverse recapitalization on June 21, 2024 |
THUNDER POWER HOLDINGS, INC. (f/k/a Feutune Light Acquisition Corporation) | ||||||||
For the Year Ended | ||||||||
2024 | 2023 | |||||||
Revenues | $ | — | $ | — | ||||
Operating expenses | ||||||||
General and administrative expenses | (2,502,190) | (1,815,071) | ||||||
Total operating expenses | (2,502,190) | (1,815,071) | ||||||
Other income (expenses) | ||||||||
Interest income, net | 51 | — | ||||||
Foreign currency exchange loss | (212) | (573) | ||||||
Total other expenses, net | (161) | (573) | ||||||
Loss before income taxes | (2,502,351) | (1,815,644) | ||||||
Income tax expenses | — | — | ||||||
Net loss | (2,502,351) | (1,815,644) | ||||||
Other comprehensive income | ||||||||
Foreign currency adjustments | 133 | — | ||||||
Comprehensive loss | $ | (2,502,218) | $ | (1,815,644) | ||||
Loss per share – basic and diluted* | $ | (0.06) | $ | (0.05) | ||||
Weighted average shares – basic and diluted* | 44,736,947 | 34,870,846 | ||||||
* | The shares and per share information are presented on a retroactive basis to reflect the reverse recapitalization on June 21, 2024 |
THUNDER POWER HOLDINGS, INC. | ||||||||||||||||||||||||
Common stock | Additional | Accumulated | Total | |||||||||||||||||||||
Number of | Amount* | paid-in | Accumulated | comprehensive | equity | |||||||||||||||||||
Balance as of December 31, 2022 | 31,754,844 | $ | 3,175 | $ | 32,091,251 | $ | (32,614,251) | $ | — | $ | (519,825) | |||||||||||||
Capital injection from shareholders | 5,583,236 | 559 | 2,762,215 | — | — | 2,762,774 | ||||||||||||||||||
Issuance of ordinary shares to a related party to | 150,727 | 15 | 73,938 | — | — | 73,953 | ||||||||||||||||||
Share-based compensation | — | — | 45 | — | — | 45 | ||||||||||||||||||
Net loss | (1,815,644) | — | (1,815,644) | |||||||||||||||||||||
Balance as of December 31, 2023 | 37,488,807 | $ | 3,749 | $ | 34,927,449 | $ | (34,429,895) | $ | — | $ | 501,303 | |||||||||||||
Capital injection from shareholders | 2,511,193 | 251 | 946,549 | — | — | 946,800 | ||||||||||||||||||
Reverse recapitalization | 5,279,673 | 528 | 3,911,563 | — | — | 3,912,091 | ||||||||||||||||||
Issuance of common stock to a financial advisor | 1,200,000 | 120 | (120) | — | — | — | ||||||||||||||||||
Issuance of common stock to independent directors | 90,000 | 9 | 899,991 | — | — | 900,000 | ||||||||||||||||||
Share-based compensation | — | — | 107,712 | — | — | 107,712 | ||||||||||||||||||
Settlement of working capital loans | 289,960 | 29 | 2,635,971 | — | — | 2,636,000 | ||||||||||||||||||
Issuance of ordinary shares pursuant to forward purchase contracts | 3,706,461 | 371 | (371) | — | — | — | ||||||||||||||||||
Issuance of ordinary shares pursuant to a private placement | 150,000 | 15 | (15) | — | — | — | ||||||||||||||||||
Share-based compensation to non-employees | 8,570 | 1 | 21,938 | — | — | 21,939 | ||||||||||||||||||
Net loss | — | — | — | (2,502,351) | — | (2,502,351) | ||||||||||||||||||
Foreign exchange adjustments | — | — | — | — | 133 | 133 | ||||||||||||||||||
Balance as of December 31, 2024 | 50,724,664 | $ | 5,073 | $ | 43,450,667 | $ | (36,932,246) | $ | 133 | $ | 6,523,627 | |||||||||||||
* | The share information and additional paid-in capital are presented on a retroactive basis to reflect the reverse recapitalization on June 21, 2024 |
THUNDER POWER HOLDINGS, INC. | ||||||||
For the Year Ended | ||||||||
2024 | 2023 | |||||||
Cash flows from operating activities: | ||||||||
Net loss | $ | (2,502,351) | $ | (1,815,644) | ||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
Depreciation expenses | 1,974 | 4,366 | ||||||
Amortization of right of use assets | 26,995 | 26,718 | ||||||
Share-based compensation | 1,007,712 | 331,295 | ||||||
Share-based settlement expenses | — | 479,174 | ||||||
Changes in operating assets and liabilities: | ||||||||
Other current assets | (6,997) | (8,221) | ||||||
Amount due to related parties | 130,735 | 236,803 | ||||||
Other payable and accrued expenses | 137,093 | 86,269 | ||||||
Lease liabilities | (22,414) | 511 | ||||||
Net cash used in operating activities | (1,227,253) | (658,729) | ||||||
Cash flows from investing activities: | ||||||||
Cash acquired in reverse capitalization | 929,302 | — | ||||||
Net cash provided by investing activities | 929,302 | — | ||||||
Cash flows from financing activities: | ||||||||
Subscription fees advanced from shareholders | — | 1,750,000 | ||||||
Subscription fees received from shareholders | 356,800 | — | ||||||
Payment of offering cost | (999,700) | (429,750) | ||||||
Return of subscription fees to an investor | — | (100,000) | ||||||
Borrowings from related parties | 1,051,560 | — | ||||||
Repayment of borrowings to a related party | (25,000) | — | ||||||
Payment of extension loans | (380,000) | (300,000) | ||||||
Payment of extension loans on behalf of a third party | — | (315,000) | ||||||
Proceeds of prepayment shortfall under forward purchase contract | 150,000 | — | ||||||
Net cash provided by financing activities | 153,660 | 605,250 | ||||||
Net decrease in cash | (144,291) | (53,479) | ||||||
Cash at beginning of year | 196,907 | 250,386 | ||||||
Cash at end of year | $ | 52,616 | $ | 196,907 | ||||
Supplemental cash flow information | ||||||||
Cash paid for interest expense | $ | — | $ | — | ||||
Cash paid for income tax | $ | — | $ | — | ||||
Non-cash investing and financing activities | ||||||||
Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $ | 25,824 | $ | — | ||||
Transfer of advance of subscription fees from shareholders to equity | $ | 590,000 | $ | 1,460,000 | ||||
Payable of expenses directly related to the business combination | $ | 1,353,913 | — | |||||
Issuance of ordinary shares to settle the liabilities due to a controlling shareholder | $ | — | $ | 609,958 | ||||
Issuance of ordinary shares to settle the liabilities due to a related party | $ | — | $ | 56,346 | ||||
Issuance of ordinary shares to settle working capital loans | $ | 2,636,000 | $ | — | ||||
Share based compensation to a non-employee as part of offering cost | $ | 21,939 | $ | — | ||||
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SOURCE Thunder Power Holdings, Inc.
FAQ
What are Thunder Power's (AIEV) financial results for fiscal year 2024?
What is the significance of AIEV's listing transfer to Nasdaq Capital Market?
How many shares will AIEV issue in the Electric Power Technology share exchange?
What is the strategic importance of the TW Company acquisition for AIEV?
What solar power capacity will AIEV gain through TW Company's recent acquisitions?
