SPAC L Catterton Asia edges up on report of $1.5 bln merger talks with Carousell

Lotus Technology

07/01/2022 16:16

** Shares of blank-check company L Catterton Asia
Acquisition Corp  LCAA.O  up marginally at $9.75
    ** Co is in talks to take Singapore-based marketplace app
Carousell Pte public, Bloomberg News reported on Thursday
    ** Deal could valued merged entity at $1.5 bln, the report
said (https://bloom.bg/3tb2gJZ)
    ** Deal may include a private investment in public equity
(PIPE) worth a few hundred million dollars, the report added
    ** The special purpose acquisition company (SPAC), backed by
private equity firm L Catterton, raised $250 mln in its IPO in
March

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))