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The latest update is out from Feutune Light Acquisition Corporation Class A (FLFV).
Feutune Light Acquisition Corporation (FLFV) has entered into a Merger Agreement with Thunder Power Holdings Limited (TPH), allowing for a Business Combination. FLFV stockholders have approved changes to extend the deadline for this combination up to nine additional months, with a loan system from TPH in place to fund each extension. TPH will be prioritized for repayment in the event of liquidation and has the option to convert loans into private placement units. Additionally, FLFV has been notified by Nasdaq of non-compliance with a listing rule but plans to submit a compliance strategy, with potential for a 180-day extension to resolve the issue.
Learn more about FLFV stock on TipRanks’ Stock Analysis page.
