other material
confidence high
sentiment neutral
materiality 0.30
Feutune Light Acquisition extends deadline to May 21, 2024, deposits $60K into trust
Thunder Power Holdings, Inc.
- Deposited $60,000 into trust account to extend business combination deadline by one month from April 21 to May 21, 2024.
- Issued unsecured promissory note of $60,000 to Thunder Power Holdings (merger target) for the extension payment.
- This is the second of up to nine monthly extensions permitted under the company's charter, through December 21, 2024.
- The note bears no interest, is due at consummation or liquidation, and is convertible into private units at $10 each.
- Company and Thunder Power must mutually agree to extend beyond June 21, 2024 if note remains outstanding.