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).
Company profile
Ticker
FLFV, FLFVR, FLFVU, FLFVW
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
874620515
FLFV stock data
Latest filings (excl ownership)
8-K
Feutune Light Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
21 Sep 23
10-Q
2023 Q2
Quarterly report
21 Aug 23
10-K/A
2022 FY
Annual report (amended)
18 Aug 23
8-K
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
18 Aug 23
NT 10-Q
Notice of late quarterly filing
14 Aug 23
8-K
Feutune Light Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
20 Jul 23
8-K
Feutune Light Acquisition Corporation Announces Results of the Special
20 Jun 23
DEF 14A
Definitive proxy
23 May 23
10-Q
2023 Q1
Quarterly report
15 May 23
PRE 14A
Preliminary proxy
11 May 23
Latest ownership filings
SC 13G/A
Karpus Management, Inc.
8 Sep 23
4
Change in insider ownership
30 Aug 23
3
Initial statement of insider ownership
30 Aug 23
SC 13D/A
Feutune Light Sponsor LLC
16 Mar 23
4
Sau Fong Yeung
16 Mar 23
4
Lei Xu
16 Mar 23
4
Xuedong Tian
16 Mar 23
4
Yuanmei Ma
16 Mar 23
4
Change in insider ownership
16 Mar 23
SC 13G/A
Oaktree Capital Group, LLC
14 Feb 23
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | 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) | 410.95 k | 410.95 k | 410.95 k | 410.95 k | 410.95 k | 410.95 k |
| Cash burn (monthly) | (no burn) | 51.55 k | (no burn) | (no burn) | (no burn) | 4.28 k |
| Cash used (since last report) | n/a | 148.81 k | n/a | n/a | n/a | 12.36 k |
| Cash remaining | n/a | 262.14 k | n/a | n/a | n/a | 398.58 k |
| Runway (months of cash) | n/a | 5.1 | n/a | n/a | n/a | 93.1 |
Institutional ownership, Q2 2023
| 13F holders | Current |
|---|---|
| Total holders | 38 |
| Opened positions | 15 |
| Closed positions | 7 |
| Increased positions | 16 |
| Reduced positions | 3 |
| 13F shares | Current |
|---|---|
| Total value | 66.99 bn |
| Total shares | 21.99 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Mangrove Partners | 2.70 mm | $9.13 bn |
| Feutune Light Sponsor | 2.49 mm | $25.83 mm |
| Polar Asset Management Partners | 1.70 mm | $116.88 mm |
| Boothbay Fund Management | 1.29 mm | $6.82 bn |
| Atw Spac Management | 1.29 mm | $85.21 mm |
| Karpus Management | 1.18 mm | $12.42 bn |
| CNH Partners | 1.04 mm | $3.47 bn |
| Wolverine Asset Management | 926.65 k | $2.95 bn |
| Yakira Capital Management | 920.40 k | $3.27 bn |
| Aristeia Capital | 900.00 k | $57.38 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 14 Mar 23 | Feutune Light Sponsor | Class B Common Stock | Buy | Acquire P | No | No | 0.0102 | 75,650 | 771.63 | 2,493,275 |
| 14 Mar 23 | Yuanmei Ma | Class B Common Stock | Sell | Dispose S | No | No | 0.0102 | 23,970 | 244.49 | 117,030 |
| 14 Mar 23 | Xuedong Tian | Class B Common Stock | Sell | Dispose S | No | No | 0.0102 | 23,970 | 244.49 | 117,030 |
Press releases
Feutune Light Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
21 Sep 23
Feutune Light Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
21 Aug 23
Feutune Light Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
20 Jul 23