Feutune Light Acquisition Corporation announced that it has entered into private placement of a unsecured promissory note in the principal amount of $100,000 in connection with the January monthly extension on February 21, 2024. The transaction will include participation from returning lender Thunder Power Holdings Limited. The Note bears no interest and is payable in full upon the earlier to occur of the consummation of the company?s business combination and the date of expiry of the term of the company.

The payees of the note, the sponsor, has the right, but not the obligation, to convert the promissory note, in whole or in part, respectively, into private units of the company that are identical to public units of the company which are subject to certain exceptions. The issuance of the note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.