Feutune Light SPAC enters forward purchase deal with Meteora; 97.3% of public shares redeemed

Thunder Power Holdings, Inc.

Forward Purchase Agreement allows Meteora to buy up to 4.9M shares at $10.00 initial price to support business combination with Thunder Power.
Subscription agreement for up to 4.9M shares (less recycled shares) at $10.00 per share; shares unregistered under Section 4(a)(2).
As of June 12, 2024, 97.26% (2,533,295) of public shares elected redemption at ~$11.09 per share from trust account.
Meteora entities waive redemption rights on recycled shares; prepayment shortfall of 0.25% of recycled shares at initial price.
Business combination with Thunder Power Holdings (enterprise value $600M) remains pending; high redemptions reduce available trust funds.

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