AIEV stock touches 52-week low at $0.16 amid sharp annual decline

In a challenging year for Feutune Light Acquisition, the company’s stock, AIEV, has plummeted to a 52-week low, trading at a mere $0.16. With a market capitalization of just $8.67 million and an overall "WEAK" financial health score according to InvestingPro analysis, the company faces significant headwinds. This significant downturn reflects a staggering 1-year change, with the stock value eroding by -98.45%. Investors have watched with concern as AIEV’s market position weakened, marking a distressing period for the company amidst a broader market that has faced numerous headwinds. Technical indicators suggest the stock is currently in oversold territory, though InvestingPro subscribers can access 12 additional key insights about AIEV’s current market position. The 52-week low serves as a stark indicator of the hurdles Feutune Light Acquisition has encountered, leaving market watchers and stakeholders to ponder the firm’s strategies for recovery and stabilization in the coming months.

In other recent news, Thunder Power Holdings, Inc. is facing the possibility of being delisted from the Nasdaq Global Market due to non-compliance with specific listing rules. The company received a notification from Nasdaq on March 7, 2025, indicating failure to meet the minimum bid price of $1.00 per share and the minimum Market Value of Listed Securities of $50 million. Thunder Power had been previously notified of this non-compliance on September 6, 2024, with a 180-day grace period to regain compliance, which expired on March 3, 2025. Trading of the company’s common stock is set to be suspended on March 18, 2025, unless an appeal is filed. Thunder Power intends to request a hearing before the Nasdaq Hearings Panel by March 14, 2025, which would temporarily halt the suspension and delisting process. The company plans to present a compliance plan that may include a reverse stock split or transferring to the Nasdaq Capital Market. However, there is no guarantee that this plan will be accepted or that compliance will be achieved. Investors are keeping a close watch as Thunder Power prepares to defend its position to maintain its Nasdaq listing.

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