Wilmington, DE, May 22, 2024 (GLOBE NEWSWIRE) —Feutune Light Acquisition Corporation (NASDAQ: FLFV), a blank check company incorporated as a Delaware corporation, today announced that, in order to extend the date by which the Company must complete its initial business combination from May 21, 2024 to June 21, 2024, an aggregate of $60,000 has been deposited into Company’s trust account.
Pursuant to the Company’s Amended and Restated Certificate of Incorporation currently in effect, the Company may extend on monthly basis from March 21, 2024 until December 21, 2024 or such an earlier date as may be determined by its board to complete a business combination by depositing $60,000 for each month into the Trust Account.
On May 22, 2024, the Company issued two promissory notes with an aggregate amount of $150,000 to evidence two loans (the “Loans”) from certain lenders. The proceeds of the Loans are expected to be used for payments of the Company’s general corporate expenses, including those related to the consummation of the ongoing business combination.
About Feutune Light Acquisition Corporation
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’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).
