Lotus Tech Plans to Go Public through SPAC with L Catterton Asia Acquisition Corp

2月 02, 2023

On January 31st, Lotus Tech, the luxury electric vehicle manufacturer of the British sports car brand LOTUS, announced that it had reached the final agreement with special purpose acquisition company L Catterton Asia Acquisition Corp (hereinafter referred to as “LCAA”). After the transaction is completed, the company’s shares will list on the Nasdaq under the ticker symbol “LOT.” Lotus Tech’s value is expected to be about $ 5.4 billion.
The transaction has been approved by the Lotus Tech and LCAA boards, respectively, and is expected to merge in the …