Feutune Light Acquisition Corporation
FLFVR
NASDAQ Global Market0.23
USD
+0.23
- -
CIK
0001912582
ISIN
US31561T1280
CUSIP
31561T128
Return %
Stock
S&P500
1Y
- -
26.53
3Y
183.95
76.60
5Y
223.94
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Xuedong Tian
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Building A Metuchen DE United States of America 08840
- CIK
- 0001912582
- Similar Companies
- Business
- Feutune Light Acquisition Corporation, a blank check company formed in 2022 as a Delaware corporation and headquartered in Metuchen, New Jersey, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses; it conducts no significant operations prior to completing such a transaction. The company, which priced its initial public offering of 8,500,000 units at $10.00 per unit in June 2022 with separate trading of Class A common stock under ticker FLFV, warrants under FLFVW, and rights under FLFVR, targeted opportunities without restriction on industry or geography except businesses primarily in China, Hong Kong, or Macau. In October 2023, it entered a definitive business combination agreement with Thunder Power Holdings Limited, a British Virgin Islands-based developer of premium electric vehicles featuring innovative design, AI integration, and technology platforms aimed at markets including Taiwan and Europe; the merger valued Thunder Power at an implied pro forma enterprise value of $400 million with up to 20 million earnout shares. Stockholders approved the transaction on June 17, 2024, with 95.87% in favor following amendments including deadline extensions to June 21, 2024, and continued extension payments from Thunder Power; the business combination closed on June 21, 2024, via a reverse merger in which Thunder Power merged into a wholly owned subsidiary of Feutune Light, with the combined entity renamed Thunder Power Holdings, Inc., adopting Nasdaq ticker AIEV, and later transitioning to OTCQB trading in April 2025 after a Nasdaq delisting notice. Post-merger, the successor entity pursues electric vehicle commercialization alongside diversification into renewable energy, including a share exchange for a 30.8% stake in Taiwan-listed Electric Power Technology Limited, acquisitions of 16 solar plants boosting managed capacity to 4.5MW, and pursuits of additional solar projects and EPC providers targeting recurring revenue exceeding NT$20 million annually.