Lotus Technology Inc. Completes Business Combination with L Catterton Asia Acquisition Corp
February 22, 2024
Lotus Technology Inc. completed a business combination with L Catterton Asia Acquisition Corp (LCAA), and its American depositary shares began trading on Nasdaq under the ticker LOT on February 23, 2024. The transaction, approved by LCAA shareholders, included more than $880 million in pre-closing and PIPE financing commitments and positions Lotus to accelerate its global expansion and Vision80 electrification strategy.
- Buyers
- L Catterton Asia Acquisition Corp (LCAA), L Catterton
- Targets
- Lotus Technology Inc.
- Industry
- Automotive
- Location
- Norfolk, United Kingdom
- Transaction Type
- Buyout
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