Lotus Technology Secures Additional Financing Ahead of the Completion of Its Planned Business Combination with L Catterton Asia Acquisition Corp

January 19, 2024

https://www.prnewswire.com/news-releases/lotus-technology-secures-additional-financing-ahead-of-the-completion-of-its-planned-business-combination-with-l-catterton-asia-acquisition-corp-301997712.html

NEW YORK and SINGAPORE, Nov. 27, 2023 /PRNewswire/ — Lotus Technology Inc. (“Lotus Tech” or the “Company”), a leading global luxury electric vehicle maker, announced today that it has signed agreements for a total of approximately US$870 million of private investment in public equity (“PIPE”) financing and convertible notes this year. The agreements have been entered into ahead of the anticipated completion of Lotus Tech’s planned business combination with 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.

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