Form 4: Thunder Power Holdings: Major Shareholder Yeung Sau Fong Reports Ownership Changes Following Business Combination
SEC Form 4 Filing
Yeung Sau Fong, a director and 10% owner of Thunder Power Holdings, reports changes in beneficial ownership of common stock and warrants following the completion of a business combination.
Summary
- Yeung Sau Fong, as the sole manager of Feutune Light Sponsor LLC, reported changes in beneficial ownership of Thunder Power Holdings, Inc. (AIEV) common stock and warrants on June 25, 2024.
- These changes resulted from the completion of a business combination on June 21, 2024, between Feutune Light Acquisition Corporation (FLFV) and Thunder Power Holdings Limited.
- The reported transactions include the conversion of Class B and Class A common stock of FLFV into 2,417,625 shares of PubCo Common Stock.
- Additionally, 47,887 shares of PubCo Common Stock were issued due to the cancellation of FLFV rights.
- 289,960 shares of PubCo Common Stock were issued from the conversion of working capital loans and related rights.
- Yeung Sau Fong indirectly holds 2,755,472 shares of common stock and 742,475 warrants through Feutune Light Sponsor LLC.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document is a regulatory filing detailing ownership changes following a pre-planned business combination.
Industry Context
This announcement reflects standard reporting procedures following a business combination (merger) involving a special purpose acquisition company (SPAC).
Stakeholder Impact
- Shareholders are informed of the ownership changes resulting from the business combination.
- The completion of the business combination impacts the capital structure of the company.
Key Dates
| Date | Description |
|---|---|
| 10/26/2023 | Date of the original Agreement and Plan of Merger. |
| 03/19/2024 | Amendment date of the Merger Agreement. |
| 04/05/2024 | Amendment date of the Merger Agreement. |
| 06/21/2024 | Date of the earliest transaction and closing of the Business Combination. |
| 06/25/2024 | Date of the Form 4 filing. |
Keywords
beneficial ownership, Form 4, Thunder Power Holdings, Yeung Sau Fong, Feutune Light Sponsor LLC, business combination, common stock, warrants
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