Form 4: Thunder Power Holdings Director Chen Mingchih Acquires 30,000 Shares Following Business Combination

Director Chen Mingchih reports acquisition of 30,000 shares of Thunder Power Holdings, Inc. common stock following the closing of a business combination.

Summary

• On June 21, 2024, Chen Mingchih, a director of Thunder Power Holdings, Inc., acquired 30,000 shares of common stock.
• The acquisition was made pursuant to the terms of the Agreement and Plan of Merger dated October 26, 2023, as amended on March 19, 2024, and April 5, 2024.
• The business combination involved Feutune Light Acquisition Corporation (FLFV), Feutune Light Merger Sub, Inc., and Thunder Power Holdings Limited.
• As part of the agreement, each independent director of FLFV received 30,000 shares of Issuer common stock upon the closing of the business combination.
• Following the transaction, Chen Mingchih directly owns 30,000 shares of Thunder Power Holdings, Inc.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a standard transaction following a business combination. The director's acquisition of shares is a positive sign, but it's expected as part of the merger agreement.

Positives

• The acquisition of shares by a director signals confidence in the company following the business combination.

Industry Context

This announcement reflects standard practice in SPAC (Special Purpose Acquisition Company) mergers, where directors often receive shares as part of the deal's closing.

Stakeholder Impact

• The acquisition of shares by a director could positively influence shareholder confidence.

Key Dates

Keywords

Thunder Power Holdings, Chen Mingchih, Director, Share Acquisition, Business Combination, Feutune Light Acquisition Corporation, FLFV, Merger