Feutune Light Acquisition Corporation (NASDAQ: FLFVU) recently announced the pricing of its initial public offering (“IPO”) of 8,500,000 units at a price of $10.00 per unit. The units commenced listing on The NASDAQ Global Market (“NASDAQ”) and trade under the symbol FLFVU. According to the update, each unit issued in the IPO consists of one share of Class A common stock, one redeemable warrant and one right to receive one-tenth (1/10) of one share of Class A common stock. Each warrant is exercisable to purchase one whole share of Class A common stock, each at a price of $11.50. Once securities comprising the units begin separate trading, Class A common stock, warrants and rights are expected to be listed on NASDAQ under the symbols FLFV, FLFVW and FLFVR, respectively. The company has granted the underwriters a 45-day option to purchase up to 1,275,000 additional units at the IPO price to cover over-allotments, if any.
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About Feutune Light Acquisition Corporation
Feutune Light Acquisition Corporation is a newly organized 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 has not selected any business combination target and has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. The company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although the company is prohibited from undertaking initial business combination with any entity being based in or having the majority of its operations in China (including Hong Kong and Macau).
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