Thunder Power Holdings, Inc. (AIEV): debt financing — Feutune Light extends business combination deadline by one month to Feb 21, 2024 with $100k deposit

Thunder Power Holdings, Inc.

Deposited $100K into trust for eighth monthly extension, moving deadline from Jan 21 to Feb 21, 2024.
Issued $100K unsecured promissory note to merger partner Thunder Power; non-interest, convertible to private units at $10/unit.
Note matures upon business combination consummation or company expiry; default triggers acceleration.
One more monthly extension possible until March 21, 2024.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Thunder Power Holdings, Inc. incurred loan of $100,000 with Thunder Power at bears no interest maturing the earlier to occur of (i) the consummation of the Company's business combination, or (ii) the date of expiry of the term of the Company.

Instrument: loan
Principal: $100,000
Counterparty: Thunder Power
Rate: bears no interest
Maturity: the earlier to occur of (i) the consummation of the Company's business combination, or (ii) the date of expiry of the term of the Company
Event: incurrence

Exact text from the filing

the Company issued an unsecured promissory note of $100,000 (the “ Note ”) to Thunder Power, to evidence the payments made for the January Monthly Extension Payment.

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Thunder Power Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-004891

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