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L Catterton Asia Acquisition Corp (LCAA)
- Reuters
Lotus Tech secures $870 million ahead of deal completion with L Catterton SPAC
Lotus Technology, the luxury electric vehicle arm of sports car brand Lotus, said on Tuesday it has secured $870 million in financing ahead of the completion of its merger with blank check company L Catterton Asia Acquisition (LCAA). All of the financing was secured based on a $5.5 billion valuation, China-headquartered Lotus Technology said in a statement. Investors will be issued public shares upon closing of the business combination with LCAA, and result in Lotus Technology having a free float of over 19%, excluding existing LCAA shareholders, it said.
- Reuters
Lotus Tech secures $870 mln ahead of deal completion with L Catterton SPAC
Lotus Technology, the luxury electric vehicle arm of sports car brand Lotus, said on Tuesday it has secured $870 million in financing ahead of the completion of its merger with blank check company L Catterton Asia Acquisition (LCAA). All of the financing was secured based on a $5.5 billion valuation, China-headquartered Lotus Technology said in a statement. Investors will be issued public shares upon closing of the business combination with LCAA, and result in Lotus Technology having a free float of over 19%, excluding existing LCAA shareholders, it said.
- PR Newswire
Lotus Technology releases first ESG report, targets carbon neutrality by 2038
Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, today released its first annual Environmental, Social, and Governance ("ESG") Report. The report documents the Company's ESG strategy and highlights its 2022 ESG achievements as part of Lotus's advancement into a fully electric, intelligent, and sustainable luxury mobility provider under the brand's Vision80 strategy.
