Feutune Light Acquisition Corp

Feutune Light Acquisition Corp is a blank-check company (SPAC) that raised $85M in its initial public offering on Jun 17, 2022, listing on Nasdaq Global Market. It completed its business combination with Thunder Power Holdings Limited on Jun 21, 2024; the combined company is Thunder Power Holdings, Inc. (AIEV). KeyBanc led the IPO. Robinson & Cole advised the SPAC and Winston & Strawn advised the underwriters on the IPO.

Thunder Power Holdings Limited plans to manufacture and sell four classes of electric vehicles, distributed in the U.S., Europe and Asia. It uses a modular chassis design, has engaged Italian design house Zagato for prototypes and aims to use European and Chinese suppliers.

Status

Merger completed

IPO date

Jun 17, 2022

IPO size

$85M

IPO exchange

Nasdaq Global Market

Target

Thunder Power Holdings Limited

Announced

Oct 27, 2023

Stated deal value

$400M

Closed

Jun 21, 2024

Combined company

Thunder Power Holdings, Inc. (AIEV)

IPO underwriters

KeyBanc

SPAC counsel (IPO)

Robinson & Cole

Underwriters' counsel (IPO)

Winston & Strawn