Lotus Know-how Secures Funding from Strategic Investor





Lotus Know-how has introduced a convertible bond settlement price roughly $110 million from a strategic shareholder. This non-public placement demonstrates ongoing confidence in Lotus Tech’s development and strategic imaginative and prescient. The funds will improve the corporate’s money place, supporting additional growth. The deal is anticipated to shut quickly, pending normal circumstances. The detailed phrases can be found in Kind 6-Ok filed with the SEC. CEO Qingfeng Feng expressed gratitude for the shareholder’s assist and emphasised the corporate’s dedication to sustainable development.

Constructive


  • Secured $110 million funding through convertible bond.

  • Enhances money place, supporting development.

  • Displays shareholder confidence in strategic imaginative and prescient.

Unfavorable


  • Funding topic to customary closing circumstances.

The convertible bond settlement for $110 million signifies a major liquidity inflow for Lotus Know-how. One of these funding permits the shareholder to transform bonds into fairness, signaling robust confidence within the firm’s future efficiency. Convertible bonds are hybrid devices, providing the advantages of debt (common curiosity funds) whereas giving the choice to transform to fairness if the corporate’s inventory performs properly. For retail traders, this implies that present shareholders count on the corporate’s inventory to understand, offering a possible upside.

Contemplating the luxurious electrical car market, which is extremely aggressive, this funding can improve Lotus Tech’s monetary stability, facilitating product growth, market growth and operational enhancements. Nonetheless, traders ought to pay attention to potential dilution of present shares if the bonds are transformed into fairness. General, this transfer probably positions Lotus Tech for future development, however retail traders ought to monitor how successfully the corporate makes use of this capital.

The luxurious electrical car sector is quickly evolving, with rising competitors from each conventional automakers and new entrants. This funding in Lotus Tech is a strategic transfer to bolster its market positioning. The corporate’s emphasis on development technique and sustainability aligns with market traits in direction of eco-friendly and progressive automobiles. This funding will probably assist continued R&D, advertising and marketing efforts and growth into new markets, which is crucial for sustaining a aggressive edge.

For retail traders, it’s vital to notice that the timing of this funding might be vital. As the marketplace for electrical automobiles expands, having a strong money reserve allows Lotus Tech to navigate market fluctuations and spend money on rising applied sciences. Nonetheless, traders ought to take into account the broader market circumstances and potential dangers, akin to regulatory modifications and financial downturns, which may impression the sector’s development tempo.









NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) — Lotus Know-how Inc. (“Lotus Tech” or the “Firm”), a number one international luxurious electrical car maker, at present introduced that it has entered right into a convertible bond settlement with an combination principal quantity of roughly $110 million1 via a personal placement from its present strategic shareholder (the “Funding”). The funding marks the shareholder’s steady confidence in Lotus Tech’s development technique and outlook. The transaction is topic to customary closing circumstances and the closing is anticipated to happen within the close to future. An outline of the fabric phrases and circumstances of the convertible buy settlement and the notes is included within the Firm’s present report on Kind 6-Ok filed with the U.S. Securities and Change Fee.

The Funding underscores the shareholder’s robust perception within the Firm’s imaginative and prescient and core worth. The anticipated funds from the Funding will additional strengthen the Firm’s money place.

“We’re grateful to our shareholders as they proceed to take a position and display confidence in our efficiency and development potential,” stated Mr. Qingfeng Feng, Chief Government Officer of Lotus Tech. “We sit up for additional executing our technique, accelerating our development, and importantly, furthering our mission to steer the trade in direction of a extra sustainable future.”

About Lotus Know-how
Lotus Know-how Inc. has operations throughout the UK, the EU and China. The Firm is devoted to delivering luxurious way of life battery electrical automobiles, with a give attention to world-class R&D in next-generation automobility applied sciences akin to electrification, digitalisation and extra. For extra details about Lotus Know-how Inc., please go to www.group-lotus.com.

Ahead-Trying Statements
This press launch incorporates statements that will represent “forward-looking” statements pursuant to the “protected harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. All statements aside from statements of historic reality are forward-looking statements. In some instances, you possibly can determine forward-looking statements by terminology akin to “might”, “ought to”, “count on”, “intend”, “will”, “estimate”, “anticipate”, “consider”, “predict”, “potential”, “forecast”, “plan”, “search”, “future”, “suggest” or “proceed”, or the negatives of those phrases or variations of them or related terminology though not all forward-looking statements comprise such terminology. Ahead-looking statements contain inherent dangers and uncertainties, together with these recognized beneath the heading “Danger Elements” within the registration assertion on Kind F-4 filed by Lotus Tech with the U.S. Securities and Change Fee. All info offered on this press launch is as of the date of this press launch, and Lotus Tech undertakes no obligation to replace any forward-looking assertion, besides as required beneath relevant legislation.

Contact Data
For investor and media inquiries
Demi Zhang
ir@group-lotus.com

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1 The principal quantity of every notice will likely be primarily based on the relevant alternate fee two enterprise days previous to the problem date. This estimated principal quantity is predicated on the alternate fee on June 24, 2024.









FAQ



What current funding did Lotus Know-how safe?


Lotus Know-how secured a $110 million funding via a convertible bond settlement.


How will the $110 million funding impression Lotus Know-how?


The $110 million funding will strengthen Lotus Know-how’s money place and assist its development technique.


Who invested in Lotus Know-how’s current $110 million convertible bond settlement?


The funding was made by an present strategic shareholder of Lotus Know-how.


When is the closing of Lotus Know-how’s $110 million convertible bond settlement anticipated?


The closing is anticipated to happen within the close to future, pending customary circumstances.


The place can I discover the detailed phrases of Lotus Know-how’s $110 million convertible bond settlement?


The detailed phrases can be found within the firm’s Kind 6-Ok filed with the U.S. Securities and Change Fee.





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