Feutune Light Acquisition Corporation announced that it will issue 434,250 (or 478,875 if the over-allotment option is exercised in full) units at a price of $10 per unit for gross proceeds of $4,342,500 (or approximately $4,788,750 in the aggregate if the over-allotment option is exercised in full) in a round of funding on April 8, 2022. The transaction will include participation from returning investor Feutune Light Sponsor LLC. The company will issue 20,000 units for gross proceeds of $200,000 to US Tiger Securities, Inc. Each private unit consists of one Class A common share and one warrant.

The securities issued in the transaction will be subject to a hold period of 30 days from the closing date.