Feutune Light Acquisition Corporation Announces Extension Of The Deadline For An Initial Business Combination To March 21, 2024
Portfolio Pulse from Benzinga Newsdesk
Feutune Light Acquisition Corporation (FLFV), a blank check company, has announced an extension for completing its initial business combination to March 21, 2024. To facilitate this extension, $100,000 has been deposited into its Trust Account. This move allows the company additional time, extending the deadline from the previous date of February 21, 2024, and can extend monthly until the new deadline or an earlier date as decided by its board.
February 21, 2024 | 10:31 pm
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Feutune Light Acquisition Corporation has extended its deadline for an initial business combination to March 21, 2024, depositing $100,000 into its Trust Account to facilitate this extension.
The extension of the deadline for completing its initial business combination may be viewed neutrally by investors as it indicates the company is taking additional time to find a suitable business combination. The deposit into the Trust Account shows commitment but does not directly impact the company's current valuation or operational capabilities. Therefore, the short-term impact on FLFV's stock price is likely neutral, as investors may adopt a wait-and-see approach.
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