Brown Rudnick Helps EV Thunder Power Merge With Feutune Light Acquisition

Brown Rudnick served as U.S. legal counsel to Thunder Power Holdings Ltd., a Hong Kong-based premium electric vehicle (EV) manufacturer, in its completed merger with Feutune Light Acquisition Corp., a publicly traded special purpose acquisition company.

Thunder Power announced the successful closing of the merger on June 21, 2024. The deal valued Thunder Power at $400 million when it was announced in October, with potential to increase up to $600 million if certain conditions are satisfied following the closing.

The new entity, renamed Thunder Power Holdings Inc., commenced trading on the Nasdaq under the ticker symbol 'AIEV' on June 24, 2024. Thunder Power plans to distribute its premium passenger EVs in the U.S., Europe and Asia.

The Brown Rudnick team representing Thunder Power was led by partner Andrew J. Sherman, which also included partners Rod Moss and Blair Rinne, and associates Ivan Chaykovskiy, Shirin Shahidi and Joel Todd. Tax advice was provided by partners Nicole Bouchard and Kevin Brown.

More details on the transaction can be found here.