L Catterton Asia Acquisition Corp: M&A transaction — Lotus Tech completes de-SPAC merger with Catterton Asia; ADSs trade on Nasdaq as LOT on Feb 23

L Catterton Asia Acquisition Corp

Business combination closed Feb 22, 2024; Lotus Tech becomes public via merger with SPAC LCAA.
Lotus Tech ADSs start trading on Nasdaq under ticker "LOT" and warrants under "LOTWW" on Feb 23, 2024.
Transaction valued Lotus Tech at approximately $5.5 billion equity value per merger agreement terms.
LCAA shares, warrants, and units delisted; LCAA ceases to exist; former officers and directors resign.
Registration rights agreement grants LCA Acquisition Sponsor demand and piggyback registration rights.

item 1.01 item 2.01 item 3.01 item 3.03 item 5.01 item 5.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

L Catterton Asia Acquisition Corp underwent a change of control involving Lotus Technology Inc. (closed 2024-02-22).

Action: change of control
Counterparty: Lotus Technology Inc.
Closing: 2024-02-22

Exact text from the filing

On February 22, 2024 (the “ Closing Date ”), L Catterton Asia Acquisition Corp (“ SPAC ” or “ LCAA ”), an exempted company limited by shares incorporated under the laws of the Cayman Islands consummated its previously disclosed business combination (the “ Business Combination ”) in accordance with the terms of the First Amended and Restated Agreement and Plan of Merger, dated as of October 11, 2023

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Source: SEC EDGAR

accession 0001104659-24-026598

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