Insight
Feutune Light Acquisition Corp. Announces Pricing of IPO
Insight
Feutune Light Acquisition Corp. Announces Pricing of IPO
June 15, 2022
Winston & Strawn represented the underwriter in connection with Feutune Light Acquisition Corp. (NASDAQ: FLFV, the Company), which priced its IPO of 8,500,000 units at a price of US$10.00 per unit. The units are expected to be listed on The NASDAQ Global Market (NASDAQ) and trade under the symbol "FLFVU," beginning on June 16, 2022. 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 at a price of US$11.50 per share. After the 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 offering is expected to close on June 21, 2022, subject to customary closing conditions.