Feutune Light Acquisition Announces Extension Of Business Combination Deadline And Merger Agreement Amendment With Thunder Power Holdings Limited

Author: Benzinga Newsdesk | March 20, 2024 12:42am

At the Special Meeting, the stockholders of FLFV approved to amend FLFV's Amended and Restated Certificate of Incorporation (the "Current Charter") to allow FLFV until March 21, 2024 to consummate an initial business combination and may elect to extend the Combination Deadline up to nine times, each by an additional one-month period (each a "Monthly Extension"), for a total of up to nine months to December 21, 2024, by depositing to FLFV's trust account (the "Trust Account") the lesser of (i) $60,000 for all public shares and (ii) $0.035 for each public share for each one-month extension (each such deposit, a "Monthly Extension Payment"). The Special Meeting is the second such meeting since July 2023 to extend the Combination Deadline.

Posted In: FLFV