Feutune Light SPAC sees 97.3% public share redemption ahead of Thunder Power vote

Thunder Power Holdings, Inc.

Holders of 2,533,295 public shares (97.26% of total) elected to redeem for ~$11.09 per share as of June 12, 2024.
Special meeting to vote on Thunder Power business combination adjourned to June 17, 2024 from original June 11 date.
High redemption rate may leave insufficient trust proceeds to complete the business combination.
Per-share redemption estimate reflects trust account balance after franchise and income tax withdrawals.

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