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Thunder Power Holdings and Feutune Light Acquisition have finalized their business combination, leading to the formation of Thunder Power Holdings. The new entity, focused on premium electric vehicles (EVs), will start trading on the Nasdaq under the ticker 'AIEV' from June 24, 2024. Approved by FLFV shareholders on June 17, 2024, this merger is expected to capitalize on Thunder Power’s innovative design, technology, and AI integration, particularly in markets like Taiwan. Key advisors included Brown Rudnick LLP, Robinson & Cole LLP, ARC Group , EF Hutton, and US Tiger Securities.
Feutune Light Acquisition (Nasdaq: FLFV) announced that its stockholders have approved the previously announced business combination with Thunder Power Holdings At a special meeting held on June 17, 2024, approximately 95.87% of votes were in favor of the merger. The company will file the meeting results with the SEC. The business combination's closing is pending customary conditions. Post-transaction, the combined entity will be named Thunder Power Holdings, Inc., and its shares will trade on Nasdaq under the ticker 'AIEV'.
Feutune Light Acquisition (Nasdaq: FLFV) announced the adjournment of its special meeting of stockholders to June 17, 2024. Initially scheduled for June 11, 2024, the meeting aims to approve a business combination with Thunder Power Holdings Stockholders can vote on the Agreement and Plan of Merger, where Thunder Power will merge into a wholly-owned subsidiary of FLFV. Public stockholders have until June 13, 2024, to exercise redemption rights. The virtual meeting will use the same teleconference access information. Stockholders who have already voted do not need to take further action unless they wish to change their vote or withdraw a redemption request.
Feutune Light Acquisition (NASDAQ: FLFV), a blank check company, announced an extension of its deadline to complete an initial business combination. The deadline has been moved from May 21, 2024, to June 21, 2024, following a deposit of $60,000 into the Company's trust account. This extension can be renewed monthly until December 21, 2024, with an additional $60,000 deposit each month. Additionally, on May 22, 2024, the Company issued two promissory notes totaling $150,000 from certain lenders. The funds from these loans are intended to cover general corporate expenses, including costs related to the ongoing business combination.
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