Thunder Power amends 8-K with pro forma financials and 74.65% insider ownership

Thunder Power Holdings, Inc.

Wellen Sham and affiliates control 34.25M shares (74.65% voting power) as of June 21, 2024.
Pro forma balance sheet at March 31, 2024 shows total assets of $13.65M and accumulated deficit of $49.77M.
Closing merger consideration: 40M shares valued at $400M; earnout shares up to 20M tied to revenue thresholds ($42.2M and $415M).
Company is a 'controlled company' under Nasdaq rules due to Sham's majority ownership.
Pro forma statements account for reverse recapitalization; historical results are Thunder Power's.

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