Feutune Light Acquisition Corporation (FLFV)

[riha]

I really hope they don't wait until December to just cancel the deal... I can't imagine they would because they have to deposit $100,000 into the trust fund every month they extend.

[riha]

poop time or go...

[riha]

Right, and even though some of the money goes into a trust which would eventually be used on the blank check.... doesn't his remind you money laundering?

[ErnieBilco]

I don't know why they do the extensions but it is very common. It doesn't make sense to me because either you are gonna make a deal or your not.

[riha]

Here we go again....

9 month extension which includes monthly payments of $60,000...

Is this normal SPAC behavior? Do they actually want this to go though? I hope so, because it looks lucrative.

https://news.spacconference.com/2024/03/20/feutune-light-secures-9-month-extension-to-complete-thunder-power-deal/

[riha]

They do however have to pay $100,000 into the trust account per month unless they close. That says something.

[ErnieBilco]

They obviously aren't very motivated or they would have closed the deal already.

They must have to votes for the extension since they only left 3 days to make it work.

[riha]

March 21st is coming up... these fuckers better go though with the deal

[riha]

i'm liking this.. warrants look like a good bet

[riha]

so it looks like Thunder Power will merge with Feutune based on an announcement made on Oct. 27.

[riha]

as of now FLFVW go for ~0.02, so if they do convert that would be ridiculous.

I am assuming if they announce they will convert, the price would jump. So picking up some now might be good as you said.

[ErnieBilco]

Definitely something to keep an eye on into 2024 as the deal moves forward or terminates.

Will be on the lookout for any new warrants issued related to the deal.

[riha]

The reason I ask is because when the VinFast SPAC deal happened, they immediately had warrants available for 88 cents which skyrocketed to $10 in days.

I'm pretty sure the SPAC company did a cash out deal and their warrants and shares did not convert so buying VFS warrants only started after the IPO.

[ErnieBilco]

Depends on the deal, sometimes they will convert into the new company and others will not.

I would say most do not convert but that's just off the top of my head.

[riha]

let me ask you something, when a merger goes through do your warrants pass to the new company?

[ErnieBilco]

I don't buy the SPAC - I buy the warrants to the SPAC

[ErnieBilco]

Ahhh, a fresh young SPAC