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L Catterton Asia Finalizes Lotus Tech Business Combination – TipRanks.com – TipRanks


L Catterton Asia Acquisition (LCAA) has released an update.

L Catterton Asia Acquisition Corp (LCAA) has announced that its much-anticipated Business Combination with Lotus Technology Inc. is set to be finalized on February 22, 2024. This follows a series of mergers and regulatory approvals, including from the China Securities Regulatory Commission. Despite one PIPE investor withdrawing a $3 million commitment, Lotus Tech secured a new subscription agreement for 1.5 million shares at $10 each. The report contains forward-looking statements and has been filed with the SEC, where shareholders can access further details and participate in the solicitation regarding the transaction.

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