Ticker Launch

SPAC · Merger completed

Feutune Light Acquisition Corp

Business combination with Thunder Power Holdings Limited

Feutune Light Acquisition Corp is a blank-check company (SPAC) that raised $85M in its initial public offering on Jun 17, 2022, listing on Nasdaq Global Market. It completed its business combination with Thunder Power Holdings Limited on Jun 21, 2024; the combined company is Thunder Power Holdings, Inc. (AIEV). President of Fortune Rise Acquisition led the IPO, with Financial Officer of Mayrock Automotive and Highpower International. Robinson & Cole advised the SPAC and Winston & Strawn advised the underwriters on the IPO.

Thunder Power Holdings Limited plans to manufacture and sell four classes of electric vehicles, distributed in the U.S., Europe and Asia. It uses a modular chassis design, has engaged Italian design house Zagato for prototypes and aims to use European and Chinese suppliers.

Status
Merger completed
IPO date
Jun 17, 2022
IPO size
$85M
IPO exchange
Nasdaq Global Market
Target
Thunder Power Holdings Limited
Announced
Oct 27, 2023
Closed
Jun 21, 2024
Combined company
Thunder Power Holdings, Inc. (AIEV)
IPO underwriters
President of Fortune Rise Acquisition, Financial Officer of Mayrock Automotive, Highpower International, Baosheng Steel, Financial Officer of Yihe Pharmaceutical Company, Chief Financial Officer of Zhongpin, Officer of Fortune Rise Acquisition, Power, Zhongchao and KeyBanc
SPAC counsel (IPO)
Robinson & Cole
Underwriters' counsel (IPO)
Winston & Strawn

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