Thunder Power Holdings, Inc. (AIEV): auditor change — Feutune Light restates FY2022 financials; non-reliance on prior 10-K

Thunder Power Holdings, Inc.

Audit committee concluded Dec 31, 2022 financials should no longer be relied upon due to errors in IPO unit fair value allocation and tax accruals.
Restatement corrects initial fair value allocation of public shares and warrants and federal/state income tax accruals.
Cash position and trust account cash held in IPO trust are not impacted by the restatement.
Company expects to file Amended 10-K by August 18, 2023 or shortly thereafter.

item 4.02

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Thunder Power Holdings, Inc. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

management has determined that the initial fair value allocation of public shares and warrants and federal and state income tax accruals shall be restated

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Source: SEC EDGAR

accession 0001213900-23-068871

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