Thunder Power Holdings completes SPAC merger with Feutune Light; begins trading under AIEV on Nasdaq

Thunder Power Holdings, Inc.

Business combination closed June 21, 2024; FLFV stockholders approved on June 17, 2024.
Combined entity renamed Thunder Power Holdings, Inc.; trades on Nasdaq under ticker AIEV starting June 24.
Escrow agreement for 20,000,000 earnout shares; release contingent on triggering events.
Sponsor converted $2.636M working capital loans into 263,600 units; all outstanding notes settled.
Lock-up periods: Group I 6 mo or $12.50 price trigger, Group II 6 mo, Group III 30 days.

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