Feutune Light Acquisition Corp. Files 8-K on Unit Components

TL;DR

FLFV filed an 8-K detailing its units: 1 share, 1 warrant ($11.50 strike), 1 right (1/10 share).

AI Summary

Feutune Light Acquisition Corp. (FLFV) filed an 8-K on May 23, 2024, disclosing information related to its units, common stock, warrants, and rights. The filing details the components of their units, which consist of one share of Class A common stock, one warrant, and one right. The warrants are exercisable for one share of common stock at $11.50, and the rights are exchangeable for one-tenth of a share of common stock upon a business combination.

Why It Matters

This filing clarifies the structure and terms of Feutune Light Acquisition Corp.'s units, providing essential details for investors regarding the underlying shares, warrants, and rights.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of the components of the company's units and does not indicate any immediate financial distress or significant operational changes.

Key Numbers

• 1 — Share per Unit (Each unit includes one share of Class A common stock.)
• 1 — Warrant per Unit (Each unit includes one warrant.)
• 1 — Right per Unit (Each unit includes one right.)
• 11.50 — Warrant Exercise Price (Warrants are exercisable for one share of common stock at $11.50.)
• 1/10 — Share per Right (Each right is exchangeable for one-tenth of one share of common stock.)

Key Players & Entities

• Feutune Light Acquisition Corp. (company) — Filer of the 8-K
• FLFV (company) — Ticker symbol for Feutune Light Acquisition Corp.
• Class A common stock (security) — Component of the company's units
• Warrants (security) — Component of the company's units
• Rights (security) — Component of the company's units
• 11.50 (dollar_amount) — Exercise price of the warrants

FAQ

Key Financial Figures

• $0.0001 — t LLC Class A Common Stock, par value $0.0001 per share FLFV The Nasdaq Stock Mar
• $11.50 — A Common Stock at an exercise price of $11.50 FLFVW The Nasdaq Stock Market LLC
• $60,000 — ment On May 20, 2024, an aggregate of $60,000 (the " May Monthly Extension Payment ")
• $10.00 — amount payable to Thunder Power by (y) $10.00. In the event that the transactions co
• $100,000 — issued an unsecured promissory note of $100,000 (the " GCE Note I ") to Ling Houng Sham
• $50,000 — ed another unsecured promissory note of $50,000 (the " GCE Note II ," together with GCE

Filing Documents

• ea0206721-8k425_feutune.htm (8-K) — 54KB
• ea020672101ex10-1_feutune.htm (EX-10.1) — 38KB
• ea020672101ex10-2_feutune.htm (EX-10.2) — 36KB
• ea020672101ex10-3_feutune.htm (EX-10.3) — 36KB
• ea020672101ex99-1_feutune.htm (EX-99.1) — 7KB
• ex99-1_001.jpg (GRAPHIC) — 2KB
• 0001213900-24-046032.txt ( ) — 440KB
• flfv-20240522.xsd (EX-101.SCH) — 4KB
• flfv-20240522_def.xml (EX-101.DEF) — 27KB
• flfv-20240522_lab.xml (EX-101.LAB) — 38KB
• flfv-20240522_pre.xml (EX-101.PRE) — 26KB
• ea0206721-8k425_feutune_htm.xml (XML) — 9KB

03 Creation

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant Promissory Note for Monthly Extension Payment On May 20, 2024, an aggregate of $60,000 (the " May Monthly Extension Payment ") was deposited into trust account of Feutune Light Acquisition Corporation (the " Company ") for the public stockholders, which enabled the Company to extend the period of time it has to consummate its initial business combination by one month from May 21, 2024 to June 21, 2024 (the " May Extension "). The May Extension is the third of the up to nine Monthly Extensions permitted under the Company's Amended and Restated Certificate of Incorporation currently in effect. In connection with the May Monthly Extension Payment and pursuant to the Agreement and Plan of Merger entered into by the Company, Thunder Power Holdings Limited (" Thunder Power "), and Feutune Light Merger Sub, Inc. on October 26, 2023 (as amended, the " Merger Agreement "), the Company issued an unsecured promissory note of $60,000 (the " Note ") to Thunder Power, to evidence the payments made for the May Monthly Extension Payment. The Note bears no interest and is payable in full upon the earlier to occur of (i) the consummation of the Company's business combination, or (ii) the date of expiry of the term of the Company (the " Maturity Date "). Any of the following will constitute an event of default under the Note: (i) a failure to pay the principal within five (5) business days of the Maturity Date; (ii) the commencement of a voluntary or involuntary bankruptcy action, (iii) the breach of any of Company's obligations under the Note; (iv) any cross defaults; (v) an enforcement proceeding against the Company; or (vi) it is or becomes unlawful for the Company to perform any of its obligations under the Note, or any obligations of the Company under the Note are not or cease to be legal, valid, binding or enforceable. Upon the occurrence of an event

02 Unregistered

Item 3.02 Unregistered Sales of Equity Securities. The information disclosed under Item 2.03 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02 to the extent required herein. The Units (and the underlying securities) issuable upon conversion of the Note and the GCE Notes, if any, (1) may not, subject to certain limited exceptions, be transferable or salable by the Sponsor until 30 days after the completion of the Company's initial business combination and (2) are entitled to registration rights.

01 Regulation

Item 7.01 Regulation FD Disclosure. On May 22, 2024, the Company issued a press release (the " Press Release ") announcing that the May Monthly Extension Payment has been made, and the issuances of the Note and the GCE Notes. A copy of the Press Release is furnished as Exhibit 99.1 hereto. The information in this Item 7.01 and the Press Release hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 10.1 Promissory Note, dated May 20, 2024, issued by Feutune Light Acquisition Corporation to Thunder Power Holdings Limited 10.2 Promissory Note, dated May 22, 2024, issued by Feutune Light Acquisition Corporation to Ling Houng Sham 10.3 Promissory Note, dated May 22, 2024, issued by Feutune Light Acquisition Corporation to Rockridge international Inc 99.1 Press Release, dated May 22, 2024 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document) 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Feutune Light Acquisition Corporation Date: May 22, 2024 By: /s/ Yuanmei Ma Name: Yuanmei Ma Title: Chief Financial Officer 4

View Full Filing

View this 8-K filing on SEC EDGAR