On January 31, 2023, Lotus Technology Inc. ("Lotus Tech"), a leading global luxury electric vehicle maker, and L Catterton Asia Acquisition Corp (NASDAQ: LCAA), a special purpose acquisition company ("SPAC"), announced that they have entered into a definitive agreement and plan of merger (the "Merger Agreement"). Upon completion of the transactions contemplated by the Merger Agreement, the combined company is expected to retain its name as "Lotus Technology Inc.", with its ordinary shares listed on the Nasdaq under the ticker symbol "LOT".
Han Kun provided legal services to Lotus Tech throughout the de-SPAC combination and listing process. Previously, Han Kun advised Lotus Tech on multiple equity financings.
About Lotus Tech
The Lotus brand was founded in the UK in 1948. Today, with the backing and global resources of Geely Holding, Lotus Tech is committed to becoming an advanced, fully electric, intelligent, and sustainable luxury mobility provider ahead of the brand's 80th anniversary in 2028. Lotus Tech is the brand's technology, sales and marketing division, integrating 75 years of technological expertise into a new generation of lifestyle vehicles. Fusing proprietary next-generation technology built on world–class R&D capabilities with decades of British racing heritage, Lotus Tech expects to break new ground in electrification, digitalization, and intellectualization.
