Brief: Lotus Technology To Go Public Through Business Combination With L Catterton Asia Acquisition Corp

Lotus Technology

31/01/2023 13:21

Jan 31 (Reuters) - L Catterton Asia Acquisition Corp
 LCAA.O :
    * LOTUS TECHNOLOGY TO GO PUBLIC THROUGH BUSINESS COMBINATION
WITH
L CATTERTON ASIA ACQUISITION CORP, ACCELERATING LOTUS'S VISION
TO DELIVER ALL-ELECTRIC, SUSTAINABLE LUXURY VEHICLES GLOBALLY
    * LOTUS TECHNOLOGY TO GO PUBLIC THROUGH BUSINESS COMBINATION
WITH
L CATTERTON ASIA ACQUISITION CORP
    * L CATTERTON ASIA ACQUISITION CORP - PROPOSED DEAL VALUES
COMBINED COMPANY AT A PRO FORMA ENTERPRISE VALUE OF
APPROXIMATELY US$5.4 BILLION
    * L CATTERTON ASIA ACQUISITION CORP - LOTUS TECH'S CURRENT
LEADERSHIP TEAM LED BY CEO QINGFENG FENG WILL CONTINUE TO LEAD
COMBINED COMPANY
    * L CATTERTON ASIA ACQUISITION CORP - LOTUS TECH'S FIRST
FULLY
ELECTRIC HYPER SUV, ELETRE, IS EXPECTED TO BEGIN DELIVERY IN
CHINA IN Q1 OF THIS YEAR
    * L CATTERTON ASIA ACQUISITION CORP - COMBINED COMPANY
EXPECTED TO
RETAIN ITS NAME AS "LOTUS TECHNOLOGY INC."
    * L CATTERTON ASIA - ALL EXISTING LOTUS TECH EQUITY HOLDERS
EXPECTED TO RETAIN INTERESTS IN LOTUS TECH & OWN A TOTAL OF
ABOUT 89.7% OF COMBINED CO
    * L CATTERTON ASIA ACQUISITION CORP -  COMBINED COMPANY
ORDINARY
SHARES ARE EXPECTED TO BE LISTED ON NASDAQ UNDER TICKER SYMBOL
"LOT"
    * L CATTERTON ASIA ACQUISITION CORP - LOTUS TECH'S FIRST
FULLY
ELECTRIC HYPER SUV, ELETRE, IS EXPECTED TO BEGIN DELIVERY IN UK
AND EU LATER THIS YEAR
    * L CATTERTON ASIA ACQUISITION CORP - COMBINED COMPANY'S
BOARD OF
DIRECTORS IS EXPECTED TO INCLUDE ONE DIRECTOR DESIGNATED BY LCAA

Source text for Eikon:  ID:nPn6pqghha 
Further company coverage:  LCAA.O 
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