Lotus Tech and L Catterton Asia Acquisition Corp Announce Closing of Business Combination
Lotus Tech’s American Depositary Shares to Begin Trading on the Nasdaq on February 23, 2024 under Ticker Symbol “LOT”
NEW YORK and SINGAPORE, Feb. 20, 2024 /PRNewswire/ — Lotus Technology Inc. (“Lotus Tech” or the “Company”), a leading global luxury electric vehicle maker, and L Catterton Asia Acquisition Corp (“LCAA”) (NASDAQ: LCAA), a special purpose acquisition company formed by affiliates of L Catterton, a leading global consumer-focused investment firm, announced today that their previously proposed business combination is expected to be completed on February 22, 2024. The combined company will retain Lotus Tech’s name as “Lotus Technology Inc.” and its American Depositary Shares (ADS) will commence trading on the Nasdaq under the ticker symbol “LOT” on February 23, 2024. The business combination was approved by LCAA shareholders at an extraordinary general meeting held on February 2, 2024.