Feutune Light Acquisition Announces Extension Of Business Combination Deadline And Merger Agreement Amendment With Thunder Power Holdings Limited
Portfolio Pulse from Benzinga Newsdesk
Feutune Light Acquisition (FLFV) stockholders approved an extension of the deadline for an initial business combination with Thunder Power Holdings Limited until March 21, 2024. The deadline may be further extended up to nine times, each by an additional month until December 21, 2024. For each extension, a payment will be made into FLFV's trust account, the lesser of $60,000 for all public shares or $0.035 for each public share.
March 20, 2024 | 5:42 am
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Feutune Light Acquisition's stockholders have approved an extension for completing a business combination with Thunder Power Holdings until March 21, 2024, with options for further extensions.
The approval for extending the business combination deadline is likely to be viewed positively by investors as it provides more time to fulfill the necessary conditions for the merger. This flexibility could potentially enhance the value of FLFV's stock in the short term as it signals progress towards completing the merger.
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