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
More on this SPAC for subscribers
- Trust balance and value per share
- Redemptions at each extension and at the merger vote
- Liquidation deadline and extension history
- Merger proxy, registration statement and investor presentation
- Analyst notes from the filings
Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.
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Filings
- IPO prospectus (424B4) Jun 17, 2022
- Deal announcement (8-K) Oct 27, 2023
- Press release
- All filings on EDGAR CIK 1912582
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