Lotus Technology to go public via merger with L Catterton Asia Acquisition Corp

Lotus Technology, a luxury EV maker, will go public through a business combination with SPAC L Catterton Asia Acquisition Corp, valuing the combined company at approximately US$5.4 billion. Existing equity holders including Geely Holding will retain about 89.7% ownership.

“Lotus Tech is a pioneering luxury electric vehicle maker that operates under the iconic British brand, Lotus.”sec.gov

• 1 source
• sec.govL Catterton Asia Acquisition Corp Form 425 filed January 31, 2023Jan 31, 2023

Summarized from public sources; check the original articles before acting on it.