Share-Based Compensation |
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| Share-Based Compensation [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SHARE-BASED COMPENSATION |
12. SHARE-BASED COMPENSATION
Share options
In October 2014, TP Holdings adopted the Thunder Power Holdings Limited Share Option Plan (the “2014 Plan”). As of June 30, 2026 and December 31, 2025, the 2014 Plan remained in effect solely with respect to options and awards outstanding thereunder. On June 17, 2024, the stockholders of the Company approved the 2024 Omnibus Equity Incentive Plan (the “2024 Plan”), which became effective upon the closing of the Business Combination. All outstanding options to purchase shares of TP Holdings granted under the 2014 Plan were rolled over into the 2024 Plan and became options to purchase shares of the Company’s common stock. Options originally granted under the 2014 Plan remain subject to the terms and conditions of the agreements evidencing those options and the 2024 Plan, including the terms of the 2014 Plan attached as an exhibit thereto.
The total number of shares of the Company’s Common Stock reserved and available for grant and issuance pursuant to awards under the 2024 Plan equals 10% of the total number of outstanding shares of the Company’s Common Stock immediately following the Business Combination, the full amount of which may be issued pursuant to incentive stock options. In addition, annually on the first trading day of the calendar year, beginning with the 2025 calendar year, the share reserve (but not the incentive stock option limit) will automatically increase by 5% of the total number of shares of the Company’s Common Stock outstanding as of the last day of the immediately preceding calendar year, unless the administrator of the 2024 Plan acts prior to January 1 of such calendar year to provide that there will be no increase or a lesser increase in the share reserve for that year. Under the 2024 Plan, non-employee directors, employees and consultants, and any individual to whom the Company and the affiliates have extended a formal offer of employment, are eligible to receive awards under the 2024 Plan. There is no limit on the number or class of directors, employees or consultants that are eligible to receive awards.
In January 2026, all outstanding options expired. For the three and six months ended June 30, 2026 and 2025, the Company did recognize any share-based compensation expense.
For the three and six months ended June 30, 2026 and 2025, the transaction activities of share options were as below:
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