---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-23-007036"
form_type: "8-K"
ticker: "AIEV"
cik: "0001912582"
company_name: "Thunder Power Holdings, Inc."
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T07:21:17.986253+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# SPAC Feutune Light Acquisition enters merger agreement with EV maker Thunder Power in $600M deal

## Summary
- Initial consideration: 40M PubCo shares valued at $400M ($10/share) to Thunder Power shareholders.
- Earnout: up to 20M additional shares contingent on $42.2M revenue by 2025 (5M shares) or $415M by 2026 (15M shares).
- Closing conditions include Nasdaq listing approval, minimum $5M available cash, and stockholder approval.
- Lock-up agreements: insiders and certain shareholders subject to lock-up periods of up to six months.
- Issued $100K promissory note to Thunder Power for monthly extension to November 21, 2023.

## SEC filing metadata
- accession: 0001013762-23-007036
- form_type: 8-K
- ticker: AIEV
- cik: 0001912582
- company_name: Thunder Power Holdings, Inc.
- filed_at: 2023-10-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1912582/000101376223007036/0001013762-23-007036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1912582/000101376223007036/ea187367-8k425_feutune.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-23-007036
- JSON: https://secwatch.observer/filing/0001013762-23-007036.json
- Plain text: https://secwatch.observer/filing/0001013762-23-007036.txt

## Key facts
- Material Agreements
  Thunder Power Holdings, Inc. entered into Agreement and Plan of Merger with Thunder Power Holdings Limited and Feutune Light Merger Sub, Inc. (effective 2023-10-26).
  - Action: entry
  - Agreement: merger
  - Counterparty: Thunder Power Holdings Limited and Feutune Light Merger Sub, Inc.
  - Effective: 2023-10-26
  source text: On October 26, 2023, Feutune Light Acquisition Corporation (“ FLFV ”, or “ PubCo ” upon and following the Merger) entered into an Agreement and Plan of Merger (as the same may be amended, restated or supplemented, the “ Merger Agreement ”) with Thunder Power Holdings Limited, a British Virgin Islands company (the “ Company ”) and Feutune Light Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of FLFV (“ Merger Sub ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1912582/000101376223007036/0001013762-23-007036-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.