Feutune Light Acquisition Buys Another Month for $100K

Feutune Light Acquisition today said $100,000 has been deposited into its trust for a deadline extension from tomorrow until Aug. 21.

The SPAC has seven more monthly extensions it can deploy, provided $100,000 is added to the trust for each month.

Feutune raised $85 million in a June 2022 IPO. The SPAC has said it would target an acquisition with strong growth potential and a competitive edge, though excluding any business in China, Hong Kong or Macau. Read more.

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