Lotus Technology Secures Investment from Strategic Investor [Yahoo! Finance]
Lotus Technology Inc. (LOT)
Company Research
Source: Yahoo! Finance
announced that it has entered into a convertible bond agreement with an aggregate principal amount of approximately $110 million through a private placement from its existing strategic shareholder (the “Investment”). The investment marks the shareholder's continuous confidence in Lotus Tech's growth strategy and outlook. The transaction is subject to customary closing conditions and the closing is expected to take place in the near future. A description of the material terms and conditions of the convertible purchase agreement and the notes is included in the Company's current report on Form 6-K filed with the U.S. Securities and Exchange Commission. The Investment underscores the shareholder's strong belief in the Company's vision and core value. The expected funds from the Investment will further strengthen the Company's cash position. “We are grateful to our shareholders as they continue to invest and demonstrate confidence in our performance and growth potential,” said Mr. Qin
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LOT
Sec Filings
- 9/25/24 - Form 424B3
- 9/24/24 - Form EFFECT
- 9/19/24 - Form POS
- LOT's page on the SEC website