IPO - Thunder Power Holdings, Inc.

Form Type: S-1

Filing Date: 2025-01-14

Corporate Action: Ipo

Type: New

Accession Number: 000121390025003475

Filing Summary: Thunder Power Holdings, Inc., incorporated in January 2022 as Feutune Light Acquisition Corporation, is offering shares of Common Stock in a public offering with an aggregate price of up to $100 million. The offering includes the resale of 8,570 shares by Benjamin Securities, Inc. The shares may be sold to Westwood Capital Group LLC under a Purchase Agreement, with pricing based on market fluctuations at a 5% discount. Thunder Power is an emerging growth company focused on premium electric vehicles (EVs), with plans to expand into various market segments, including luxury and eco-friendly cars. The company highlights technology advantages and aims to address consumer demands for innovative, sustainable transport. The anticipated launch of several models includes a Compact City Car, Limited-Edition Coupe, and Long-Range Sedan, each targeting specific demographics and price points, with timelines and production strategies dependent on financing and market conditions. The document indicates the company’s strategic outlook, potential risks, and market positioning in the EV sector.

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