Feutune Light Acquisition Corporation is a blank check company formed as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company is actively searching and identifying suitable business combination targets but has not selected any business combination target. The company’s efforts to identify a prospective target business are not limited to a particular industry or geographic region, although the Company is prohibited from undertaking initial business combination with any entity that is based in or have the majority of its operations in China (including Hong Kong and Macau).
![Thunder Power logo](/files/LOGO/1912582-FLFV.png)
Company profile
Ticker
AIEV
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Toyota Motor • Ford Motor • General Motors • Paccar • Navistar International • XPeng • Li Auto • VinFast Auto • Tesla • Oshkosh ...
SEC CIK
Corporate docs
Subsidiaries
FEUTUNE LIGHT ACQUISITION CORPORATION • Feutune Light Merger Sub, Inc. ...
IRS number
874620515
AIEV stock data
Latest filings (excl ownership)
8-K
Completion of Acquisition or Disposition of Assets
27 Jun 24
425
Business combination disclosure
26 Jun 24
8-K
Thunder Power Holdings, Inc. Announces Consummation of Business Combination and Commencement of Trading on Nasdaq
26 Jun 24
25-NSE
Exchange delisting
21 Jun 24
25
Voluntary exchange delisting
21 Jun 24
425
Business combination disclosure
20 Jun 24
8-K
Feutune Light Acquisition Corporation Announces Approval of Business Combination by Stockholders
20 Jun 24
425
Business combination disclosure
17 Jun 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
17 Jun 24
425
Business combination disclosure
13 Jun 24
Latest ownership filings
4
Yuanmei Ma
25 Jun 24
4
Xuedong Tian
25 Jun 24
4
Sau Fong Yeung
25 Jun 24
4
Lei Xu
25 Jun 24
4
Kevin Vassily
25 Jun 24
4
Ping Li
25 Jun 24
4
Wenbing Wang
25 Jun 24
SC 13D/A
Feutune Light Sponsor LLC
25 Jun 24
SC 13G/A
WOLVERINE ASSET MANAGEMENT LLC
18 Jun 24
SC 13G/A
Karpus Management, Inc.
7 Jun 24
Financial summary
Quarter (USD) | Dec 23 | Sep 23 | Jun 23 | Mar 23 | |
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Operating income | |||||
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 18.33 k | 18.33 k | 18.33 k | 18.33 k | 18.33 k | |
Cash burn (monthly) | 30.84 k | 44.03 k | 138.00 k | (no burn) | 4.28 k | |
Cash used (since last report) | 182.82 k | 260.97 k | 818.06 k | n/a | 25.39 k | |
Cash remaining | -164.49 k | -242.64 k | -799.73 k | n/a | -7.06 k | |
Runway (months of cash) | -5.3 | -5.5 | -5.8 | n/a | -1.6 |
Institutional ownership, Q1 2024
13F holders | Current |
---|---|
Total holders | 6 |
Opened positions | 4 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 54.24 mm |
Total shares | 5.19 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Feutune Light Sponsor | 2.49 mm | $25.83 mm |
Karpus Management | 917.34 k | $0.00 |
OAK-PA Oaktree Capital | 735.00 k | $0.00 |
Meteora Capital | 546.78 k | $0.00 |
Cowen And | 327.71 k | $18.58 mm |
Context Capital Management | 164.92 k | $9.82 mm |
Proequities | 0.00 | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Jun 24 | Wenbing Wang | Common stock | Grant | Acquire A | No | No | 0 | 30,000 | 0.00 | 40,000 |
21 Jun 24 | Ping Li | Common stock | Grant | Acquire A | No | No | 0 | 30,000 | 0.00 | 50,000 |
21 Jun 24 | Kevin Vassily | Common stock | Grant | Acquire A | No | No | 0 | 30,000 | 0.00 | 50,000 |
Press releases
Feutune Light Acquisition Corporation Announces Approval of Business Combination by Stockholders
18 Jun 24
Feutune Light Acquisition Corporation Announces that It Will Adjourn the Special Meeting of Stockholders to Approve Business Combination with Thunder Power Holdings Limited to June 17, 2024
11 Jun 24
Feutune Light Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination and Issuances of Promissory Notes
22 May 24
Feutune Light Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
18 Apr 24