[8-K] Feutune Light Acquisition Corporation Unit Reports Material Event

Rhea-AI Filing Summary

Willis Lease Finance Corp. (WLFC) – Form 144/A filing reports a proposed insider sale.

• Shares to be sold: 7,295 common shares.
• Estimated market value: $1,058,573.15 (based on information supplied in the filing).
• Broker: Merrill Lynch, 77 Broad Street, Red Bank, NJ 07701.
• Approximate sale date: 06/27/2025 on the NASDAQ.
• Shares outstanding: 6,902,975, so the proposed sale equals roughly 0.11 % of total shares.
• Acquisition details: Shares were acquired on 04/01/2024 through stock compensation.
• Recent prior sales: The seller (identified in the filing as Brian Hole, 30 White Pine Lane, West Hartford, CT 06107) sold 2,893 shares on 05/27/2025 for $386,744.40 and 2,807 shares on 05/23/2025 for $368,973.16, indicating a continuing disposition program.

The filing contains the customary representation that the seller is not aware of undisclosed material adverse information. No other financial or operational data is included.

Positive

• Sale represents only ~0.11 % of the 6,902,975 shares outstanding, suggesting negligible impact on float or control.

Negative

• Insider intends to sell 7,295 shares worth $1.06 M and has already sold 5,700 shares in May 2025, which some investors may view as a bearish signal.

Insights

Securities Analyst

TL;DR: Small (0.11%) insider sale worth $1.06 M; unlikely to be market-moving but may be read as mildly negative sentiment.

The Form 144/A shows that a holder plans to sell 7,295 WLFC shares, following two earlier sales (total 5,700 shares) within the last month. While the dollar amount exceeds $1 M, the percentage of outstanding shares is immaterial. Form 144 filings are routine for insiders converting stock-based compensation into liquidity and do not automatically imply deteriorating fundamentals. Still, recurrent selling within a short window can be interpreted as modestly negative sentiment. No information in the filing suggests operational issues or large upcoming dilution. Overall impact on valuation or trading liquidity should be limited.

Corporate Governance Specialist

TL;DR: Routine Rule 144 compliance; governance risk minimal, dilution immaterial.

The filer discloses acquisition via stock compensation (04/01/2024) and complies with Rule 144’s aggregation and disclosure rules. The sale plan appears orderly, routed through Merrill Lynch, with the mandated representation of no undisclosed adverse information. Because the proposed sale is <0.2 % of shares outstanding, it poses no dilution or control concerns. Prior sales are properly reported, supporting transparency. Governance impact is therefore neutral.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 26, 2025

Thunder Power Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-41424		87-4620515
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(IRS Employer Identification No.)

221 W 9th St #848

Wilmington, Delaware 19801

(Address of principal executive offices, including zip code)

(909) 214-2482

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.0001 per share		AIEV		OTCQB® Venture Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.07 Submission of Matters to a Vote of Security Holders.

The 2025 Annual Meeting of Stockholders (the “Annual Meeting”) of Thunder Power Holdings, Inc.  (the “Company”) was held on June 26, 2025. At the Annual Meeting, 46,369,365 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), or approximately 65.56%, of the 70,724,664 issued and outstanding shares, as of June 6, 2025, the record date, entitled to vote at the Annual Meeting were present in person or by proxies.

The final results of the voting on each matter of business at the Annual Meeting are as follows:

Proposal 1 – Election of Directors.

NOMINEES		FOR		WITHHELD		BROKER NON-VOTES
Christopher Nicoll		46,339,750		29,615		--
Dr. Chen ChiWen		46,339,742		29,623		--
Mingchih Chen		46,338,805		30,560		--
Ferdinand Kaiser		46,339,788		29,577		--
Kevin Vassily		46,339,352		30,013		--

Proposal 2 – Ratification of the selection of Assentsure PAC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025.

FOR		AGAINST		ABSTAIN
46,347,718		13,117		8,530

Proposal 3 – Grant discretionary authority to the board of the directors (the “Board”) to (i) amend our certificate of incorporation to combine outstanding shares of our common stock, par value 0.0001 per share (the “Common Stock”) into a lesser number of outstanding shares, or a “reverse stock split,” at a specific ratio within a range of one-for-one (1-for-1) to a maximum of a one-for-one hundred (1-for-100), with the exact ratio to be determined by our board of directors in its sole discretion; and (ii) effect the reverse stock split, if at all, within one year of the date the proposal is approved by stockholders (the “Reverse Stock Split Proposal”).

FOR		AGAINST		ABSTAIN		BROKER NON-VOTES
46,126,747		242,178		440		--

Proposal 4 – Approve the issuance of Common Stock in an amount that exceeds 20% of the currently outstanding shares of common stock of the Company in connection with a Share Exchange Agreement, as amended, that the Company entered into.

FOR		AGAINST		ABSTAIN		BROKER NON-VOTES
46,139,021		200,536		29,808		--

Pursuant to the foregoing votes, (i) Mr. Christopher Nicoll, Dr. Chen ChiWen, Mr. Mingchih Chen, Mr. Ferdinand Kaiser, and Mr. Kevin Vassily were elected to serve as the Company’s board of directors to hold office their successors are duly elected and qualified; (ii) Assentsure PAC was ratified as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025; (iii) Board has the discretion to (a) amend our certificate of incorporation to combine outstanding shares of our common stock, par value 0.0001 per share (the “Common Stock”) into a lesser number of outstanding shares, or a “reverse stock split,” at a specific ratio within a range of one-for-one (1-for-1) to a maximum of a one-for-one hundred (1-for-100), with the exact ratio to be determined by our board of directors in its sole discretion, and (b) effect the reverse stock split, if at all, within one year of the date the proposal is approved by stockholders; and (iv) the issuance of Common Stock in an amount that exceeds 20% of the currently outstanding shares of common stock of the Company in connection with a Share Exchange Agreement, as amended, that the Company entered into, were all approved.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Thunder Power Holdings, Inc.
Dated: June 30, 2025	By:	/s/ Pok Man Ho
	Name:	Pok Man Ho
	Title:	Interim Chief Financial Officer

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FAQ

How many WLFC shares are proposed for sale under this Form 144/A?

The filing covers 7,295 common shares.

What is the estimated market value of the planned WLFC sale?

The aggregate market value stated is $1,058,573.15.

When does the insider expect to sell the WLFC shares?

The approximate sale date provided is 06/27/2025 on the NASDAQ.

How large is the sale relative to WLFC’s total shares outstanding?

7,295 shares equal about 0.11 % of the 6,902,975 shares outstanding.

Were there recent prior insider sales at WLFC?

Yes. The same seller disposed of 2,893 shares on 05/27/2025 and 2,807 shares on 05/23/2025.