L Catterton Asia Acquisition Corp (LCAA) to Combine with Lotus Technology in $5.4Bn Deal

L Catterton Asia (NASDAQ:LCAA) has entered into a definitive agreement to combine with luxury electric vehicle manufacturer Lotus at an enterprise value of $5.4 billion. Wuhan, China-based Lotus Technology develops and sells high-performance sportscars with a new SUV model debuting in early 2023. The combined company is expected to trade on the Nasdaq under the
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