Feutune Light Acquisition Corp. Announces Special Meeting for Extension Amendment
Ticker: AIEV · Form: DEF 14A · Filed: Mar 1, 2024 · CIK: 1912582
Sentiment: neutral
Topics: SPAC, Proxy Statement, Special Meeting, Extension Amendment, Shareholder Vote
TL;DR
<b>Feutune Light Acquisition Corp. is holding a virtual special meeting on March 18, 2024, to vote on extending the deadline for its business combination.</b>
AI Summary
Feutune Light Acquisition Corp (AIEV) filed a Proxy Statement (DEF 14A) with the SEC on March 1, 2024. Feutune Light Acquisition Corporation (FLFV) will hold a virtual special meeting of stockholders on March 18, 2024, at 11:30 a.m. ET. The primary purpose of the meeting is to vote on an amendment to extend the company's deadline for completing a business combination. Stockholders must register in advance online to attend the virtual meeting; no in-person attendance is permitted. The filing is a Definitive Proxy Statement (DEF 14A) filed on March 1, 2024. The company's principal executive offices are located at 48 Bridge Street, Building A, Metuchen, NJ 08840.
Why It Matters
For investors and stakeholders tracking Feutune Light Acquisition Corp, this filing contains several important signals. Shareholders need to vote on extending the company's deadline, which is crucial for the SPAC's continued operation and potential merger. The virtual-only format requires advance registration, impacting shareholder accessibility and participation in key corporate decisions.
Risk Assessment
Risk Level: low — Feutune Light Acquisition Corp shows low risk based on this filing. The filing is a routine proxy statement for a special meeting, with no immediate financial or operational performance data presented, indicating low immediate risk.
Analyst Insight
Stockholders should review the proposed amendment and vote on the Extension Amendment Proposal to determine the future of Feutune Light Acquisition Corp.
Key Numbers
- March 18, 2024 — Special Meeting Date (Date of the Special Meeting of Stockholders)
- 11:30 a.m. ET — Special Meeting Time (Time of the Special Meeting of Stockholders)
- DEF 14A — Filing Type (Type of SEC Filing)
- 001-41424 — SEC File Number (SEC File Number for Feutune Light Acquisition Corp.)
Key Players & Entities
- Feutune Light Acquisition Corporation (company) — Registrant and Company Name
- March 18, 2024 (date) — Date of Special Meeting
- 11:30 a.m., Eastern Time (time) — Time of Special Meeting
- 48 Bridge Street, Building A, Metuchen, New Jersey 08840 (address) — Company Business Address
- DEF 14A (document_type) — Filing Type
- 0001213900-24-018769 (accession_number) — Accession Number
FAQ
When did Feutune Light Acquisition Corp file this DEF 14A?
Feutune Light Acquisition Corp filed this Proxy Statement (DEF 14A) with the SEC on March 1, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Feutune Light Acquisition Corp (AIEV).
Where can I read the original DEF 14A filing from Feutune Light Acquisition Corp?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Feutune Light Acquisition Corp.
What are the key takeaways from Feutune Light Acquisition Corp's DEF 14A?
Feutune Light Acquisition Corp filed this DEF 14A on March 1, 2024. Key takeaways: Feutune Light Acquisition Corporation (FLFV) will hold a virtual special meeting of stockholders on March 18, 2024, at 11:30 a.m. ET.. The primary purpose of the meeting is to vote on an amendment to extend the company's deadline for completing a business combination.. Stockholders must register in advance online to attend the virtual meeting; no in-person attendance is permitted..
Is Feutune Light Acquisition Corp a risky investment based on this filing?
Based on this DEF 14A, Feutune Light Acquisition Corp presents a relatively low-risk profile. The filing is a routine proxy statement for a special meeting, with no immediate financial or operational performance data presented, indicating low immediate risk.
What should investors do after reading Feutune Light Acquisition Corp's DEF 14A?
Stockholders should review the proposed amendment and vote on the Extension Amendment Proposal to determine the future of Feutune Light Acquisition Corp. The overall sentiment from this filing is neutral.
Risk Factors
- Extension Amendment Proposal [low — regulatory]: The company is seeking shareholder approval to amend its charter to extend the deadline for completing a business combination, a common SPAC procedure.
Key Dates
- 2024-03-18: Special Meeting of Stockholders — To vote on the Extension Amendment Proposal.
- 2024-03-01: Filing Date — Date the Definitive Proxy Statement was filed with the SEC.
Glossary
- Special Meeting
- A meeting of stockholders called for a specific purpose, such as voting on a proposed amendment. (This meeting is to vote on the critical Extension Amendment Proposal.)
- Extension Amendment
- A proposed change to the company's governing documents to extend the time period within which it must complete a business combination. (This is the primary proposal being voted on at the special meeting.)
- Definitive Proxy Statement (DEF 14A)
- A filing with the SEC that provides shareholders with information about matters to be voted on at a shareholder meeting. (This document contains the details of the proposed amendment and voting instructions.)
Filing Stats: 4,172 words · 17 min read · ~14 pages · Grade level 18.6 · Accepted 2024-03-01 08:00:06
Key Financial Figures
- $0.0001 — common stock of the Company, par value $0.0001 (“Class A Common Stock&#x
- $60,000 — e will deposit the lesser of (i) $60,000 for all Remaining Shares, or (ii)

- $0.035 — or all Remaining Shares, or (ii) $0.035 per Remaining Share, in the Trust Accou
- $35,304.47 — x00a0;Monthly Extension Payment will be $35,304.47. The first New Monthly Ex
- $400,000,000 — al or equivalent in value to the sum of $400,000,000 divided by $10.00 per share. “Ea
- $10.00 — e to the sum of $400,000,000 divided by $10.00 per share. “Earnout Sharesȁ
- $200,000,000 — al or equivalent in value to the sum of $200,000,000 divided by $10.00 per share, subject to
- $100,000 — Trust Account, the lesser of (i) $100,000 for all Public Shares and (ii)&#
- $0.04 — 0;for all Public Shares and (ii) $0.04 for each Public Share for each o
- $50,000 — or working capital purposes (less up to $50,000 of interest to pay dissolution expenses
- $5,000,001 — o have net tangible assets of less than $5,000,001. In the event that the redemption of Pu
- $10.79 — the Trust Account will be approximately $10.79 per share, subject to the actual value
- $10.90 — y 26, 2024, the Record Date, was $10.90. We cannot assure our stockholders that
Filing Documents
- ea0200235-02.htm (DEF 14A) — 835KB
- 0001213900-24-018769.txt ( ) — 836KB
From the Filing
DEF 14A 1 ea0200235-02.htm PROXY STATEMENT    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ Schedule 14A ________________________________ Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant   Filed by a party other than the Registrant   Check the appropriate box:   Preliminary Proxy Statement   Confidential, for the Use of the Commission Only (as permitted by Rule 14a -6 (e)(2))   Definitive Proxy Statement   Definitive Additional Materials   Soliciting Material under to §240.14a -12 FEUTUNE LIGHT ACQUISITION CORPORATION (Name of Registrant as Specified In Its Charter) _____________________________________________________________________ (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply):   No fee required   Fee paid previously with preliminary materials.   Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a -6 (i)(1) and 0 -11   Table of Contents Feutune Light Acquisition Corporation 48 Bridge Street, Building A Metuchen, New Jersey 08840 NOTICE OF SPECIAL MEETING OF STOCKHOLDERS TO BE HELD March 18, 2024 To the Stockholders of Feutune Light Acquisition Corporation: You are cordially invited to attend the special meeting (the “Special Meeting”) of stockholders of Feutune Light Acquisition Corporation (“FLFV,” the “Company,” “we,” “us,” or “our” upon and following the Merger as defined below) to be held virtually on March 18, 2024 at 11:30 a.m., Eastern Time. In order to facilitate shareholder attendance and participation, we have determined that the Special Meeting will be held in a virtual meeting format only, via the Internet, with no physical in -person meeting. To participate in the Special Meeting virtually via the Internet, you must register in advance at: https://robinsoncole.zoom.us/meeting/register/tJYsdO2uqzgsEtPPiuR3meMoXdEpmBUX2pZn , prior to the Special Meeting. Upon completing your registration, you will receive further instructions via email, including the link that will allow you access to the Special Meeting. You will not be able to attend the Special Meeting in person. If you plan to attend the virtual Special Meeting, please be sure to follow instructions found on your proxy card, voting instruction form or notice to consider and vote upon the following proposals: •          Proposal No. 1 — The Extension Amendment Proposal  — a proposal to amend the Company’s current effective Amended and Restated Certificate of Incorporation to allow the Company until March   21, 2024 to consummate an initial business combination and may elect to extend the period to consummate an initial business combination up to nine times, each by an additional one -month period, for a total of up to nine months to December   21, 2024, by depositing the amount of cash as specified in this proxy statement, for each one -month period (each, a “New Monthly Extension”) to the Company’s trust account (the “Trust Account”) (the “Extension Amendment Proposal”, such amendment as set forth in Annex A is herein referred to as the “Extension Amendment”); •          Proposal No. 2 — The Adjournment Proposal  — a proposal to adjourn the Special Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies if, at the time of the Special Meeting, there are not sufficient votes for, or otherwise in connection with, the approval of the foregoing proposal (the “Adjournment Proposal”). If the stockholders approve the Extension Amendment Proposal, the Company will have until March 21, 2024 (the “Initial Termination Date”) to consummate an initial business combination and may elect to extend the period to consummate an initial business combination (the “Combination Period”) up to nine times, each by an additional New Monthly Extension, for a total of up to nine months to December 21, 2024 (such later deadlines to consummate an initial business combination, depending on the number of New Monthly Extensions sought by the Company, shall be referred as the “Extended Termination Date”). For each s