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0 0.205853658536585 0.195121951219512 0.146341463414634 -0.132439024390244 -0.149390243902439 -0.134146341463415 -0.156951219512195
Stock impact report

Thunder Power Enters Into $100 Million Committed Equity Facility

Thunder Power Holdings, Inc. (AIEV) 
Company Research Source: PR Newswire
WILMINGTON, Del., Aug. 21, 2024 /PRNewswire/ -- Thunder Power Holdings, Inc. (Nasdaq: AIEV) ("Thunder Power" or the "Company"), a technology innovator and a developer of premium passenger EVs, today announced that it has entered into a Common Stock Purchase Agreement (the "Purchase Agreement") for a $100.0 million committed equity facility (the "Facility").Transaction OverviewPursuant to the Purchase Agreement, the Company, in its sole discretion, will have the right, but not the obligation, to issue and sell up to $100.0 million in newly issued shares of the Company's common stock (the "Shares") over a 36-month period subject to certain conditions, including that a registration statement covering the resale of the Shares is filed and declared effective by the Securities and Exchange Commission ("SEC"). The Company is not required to utilize the Facility, and controls the timing and amount of any drawdown on the Facility, subject to certain restrictions under the Facility. The Company Show less Read more
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