Thunder Power Holdings Enters Material Definitive Agreement

TL;DR

Thunder Power Holdings just signed a big deal, details TBD.

AI Summary

Thunder Power Holdings, Inc. entered into a Material Definitive Agreement on December 19, 2024. The filing does not provide specific details about the agreement, its counterparty, or any associated financial terms.

Why It Matters

This filing indicates a significant new contract or partnership for Thunder Power Holdings, Inc., which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing regarding the Material Definitive Agreement introduces uncertainty about its nature and potential impact.

Key Players & Entities

• Thunder Power Holdings, Inc. (company) — Registrant
• December 19, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• 001-41424 (filing_id) — SEC File Number
• 87-4620515 (tax_id) — IRS Employer Identification No.
• 221 W 9th St #848 (address) — Principal executive offices
• Wilmington (city) — Principal executive offices
• 19801 (zip_code) — Principal executive offices
• 909-214-2482 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share AIEV The Nasdaq Global Ma

Filing Documents

• ea0226074-8k_thunder.htm (8-K) — 26KB
• 0001213900-24-112677.txt ( ) — 195KB
• aiev-20241219.xsd (EX-101.SCH) — 3KB
• aiev-20241219_lab.xml (EX-101.LAB) — 33KB
• aiev-20241219_pre.xml (EX-101.PRE) — 22KB
• ea0226074-8k_thunder_htm.xml (XML) — 4KB

01 Entry into a Material Definitive

Item 1.01 Entry into a Material Definitive Agreement. On December 19, 2024, Thunder Power Holdings, Inc. (the "Company") entered into a Share Exchange Agreement (the "Agreement") with certain shareholders (the "TW Company Shareholders") of Electric Power Technology Limited, a Taiwan corporation ("TW Company"). Pursuant to the Agreement, the TW Company Shareholders will exchange 26,079,550 ordinary shares of TW Company for 31,034,666 newly issued shares of the Company's common stock, par value $0.0001 per share (the "Exchange"). Upon completion of the Exchange, the Company will acquire approximately 30.8% of TW Company's total issued and outstanding shares. The closing of the Exchange is subject to customary conditions, including receipt of all necessary regulatory approvals and the approval of the Company's shareholders. The Agreement contains customary representations, warranties and covenants by the parties. The closing must occur no later than October 31, 2025. The Agreement may be terminated: (1) by mutual consent of the parties; (2) by either party upon material breach by the other party that remains uncured for 10 days after notice; (3) if the closing has not occurred within 90 days of signing (subject to extension for regulatory approvals); or (4) by either party if a court or regulatory authority permanently enjoins the transaction. The TW Company Shareholders have agreed to indemnify the Company against losses arising from breaches of their representations, warranties and covenants, and from claims by former TW Company security holders relating to their securities. The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, which will be filed as an exhibit to the Company's next periodic report. 1

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. Thunder Power Holdings, Inc. Dated: December 26, 2024 By: /s/ Pok Man Ho Name: Pok Man Ho Title: Interim Chief Financial Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR