L Catterton Asia Finalizes Lotus Tech Business Combination – – 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.

For further insights into LCAA stock, check out TipRanks’ Stock Analysis page.