AcquisitionsApr 14, 2026, 03:16 PM
Thunder Power Issues 31.87M Shares for Electric Power Tech Stake
AI Summary
Thunder Power Holdings, Inc. completed a share exchange transaction on April 9, 2026, issuing 31,872,768 shares of its common stock to six eligible shareholders of Electric Power Technology Limited. In exchange, the company acquired 26,783,838 ordinary shares of Electric Power Technology. The newly issued shares constitute approximately 31.07% of Thunder Power's total outstanding common stock and were issued as restricted securities in an unregistered sale.
Key Highlights
- Thunder Power Holdings issued 31,872,768 common shares.
- Acquired 26,783,838 ordinary shares of Electric Power Technology.
- Issued shares represent 31.07% of Thunder Power's outstanding common stock.
- Transaction completed on April 9, 2026, as per a 2024 agreement.