* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, July 12, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    How you can see new movies early – Yahoo

    Unlock the Secret to Watching New Movies Before Everyone Else!

    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Meta Acquires AI Startup PlayAI to Enhance Voice Technology Capa – GuruFocus

    Meta Acquires AI Startup PlayAI to Revolutionize Voice Technology Capabilities

    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

    SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    How you can see new movies early – Yahoo

    Unlock the Secret to Watching New Movies Before Everyone Else!

    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Meta Acquires AI Startup PlayAI to Enhance Voice Technology Capa – GuruFocus

    Meta Acquires AI Startup PlayAI to Revolutionize Voice Technology Capabilities

    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

    SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Geely’s Luxury EV Brand Lotus Tech Receives IPO Approval for Nasdaq Listing

February 20, 2024
in Technology
Geely’s Luxury EV Brand Lotus Tech Receives IPO Approval for Nasdaq Listing
Share on FacebookShare on Twitter

Luxury electric vehicle manufacturer Lotus Technology Co., Ltd. – owned by Geely Group – recently received approval for its IPO filing from the China Securities Regulatory Commission. Lotus Tech is set to list on the Nasdaq in the United States through a merger with the overseas special purpose acquisition company L Catterton Asia Acquisition Corp.

In December 2023, Lotus announced that it had signed agreements for approximately $8.7 billion in private investment in public equity (“PIPE”) financing and convertible notes for 2023. Lotus received commitments for around $7.5 billion in new financing, subject to certain closing conditions specified in the relevant final investment documents. These new financing commitments were in addition to the $1.2 billion financing commitment announced by Lotus on April 28, 2023. All financing agreements were based on a pre-money valuation of $5.5 billion. This will result in an expected free float of over 19% for Lotus (excluding existing LCAA shareholders).

In February 2023, Lotus Technology entered into a merger agreement with the special purpose company L Catterton Asia Acquisition Corp, valuing the new company at $58.88 billion. Originally planned to be completed in the second half of 2023, the merger is expected to lead to the company’s listing on the Nasdaq with the stock symbol “LOT.” However, the chances of the merger and listing happening are slower than anticipated at present.

Lotus Technology was established in August 2021 with its headquarters in the Wuhan Economic Development Zone, known as “China Car Valley”. In August 2021, Lotus announced the establishment of its global headquarters in the Wuhan Economic Development Zone, covering an area of approximately 186 acres with a building area of 390,000 square meters, and a total investment of $3 billion. At that time, Lotus also completed a Pre-A round of financing with a valuation of 15 billion yuan ($2.3 billion), with NIO Capital participating in this round of financing.

In recent years, Geely’s founder Li Shufu has successively taken Volvo, Polestar, and Ecarx Technology and other companies public. In December 2022, Ecarx Technology completed a merger with the special purpose acquisition company COVA Acquisition Corp., listing on the Nasdaq with a valuation of $3.8 billion.

Li Shufu has been adept in the capital markets, with his company Geely Auto also filing for an IPO and preparing to list in the United States with a valuation exceeding $10 billion. However, due to the valuation corrections of NIO and XPeng, coupled with the capital markets not warming up, Geely Auto has yet to list on the NYSE. With Lotus Technology’s IPO approval, it signifies that they have obtained the key to listing.

SEE ALSO: The Preparations for the Huawei Mate70 Series Have Begun

Sign up today for 5 free articles monthly!

Pandaily Substack subscribe

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Pandaily – https://pandaily.com/geelys-luxury-ev-brand-lotus-tech-receives-ipo-approval-for-nasdaq-listing/

Tags: Geely’sluxurytechnology
Previous Post

Pika Founder Responds to Sora’s Release: Very excited, We Will Directly Benchmark Sora

Next Post

Lenny Kravitz Performs His Greatest Hits & Accepts Music Icon Award!

Meta Acquires AI Startup PlayAI to Enhance Voice Technology Capa – GuruFocus

Meta Acquires AI Startup PlayAI to Revolutionize Voice Technology Capabilities

July 12, 2025
Seattle Seahawks boost Alaskan high school flag football with training camp – Alaska’s News Source

Seattle Seahawks Elevate Alaskan High School Flag Football with Exciting Training Camp

July 12, 2025
Pope prays for conversion of those who don’t ‘recognize the urgency’ of caring for creation – OSV News

Pope prays for conversion of those who don’t ‘recognize the urgency’ of caring for creation – OSV News

July 12, 2025
New, non-profit in Baldwin County aims at helping fund forensic science related investigations – fox10tv.com

New, non-profit in Baldwin County aims at helping fund forensic science related investigations – fox10tv.com

July 12, 2025
Major Gifts Transform Marine Science at William & Mary and VIMS – Virginia Living

Transformative Major Gifts Propel Marine Science Breakthroughs at William & Mary and VIMS

July 12, 2025
CatanaGroup Launches SEATY: A New Floating Lifestyle Concept – Cruising World Magazine

CatanaGroup Unveils SEATY: Dive Into the Ultimate Floating Lifestyle Experience

July 12, 2025
Readers, we need your help picking the best high school football team – Tulsa World

Vote Now for the Ultimate High School Football Champion!

July 12, 2025
An economy in India lifted by women – The Christian Science Monitor

An economy in India lifted by women – The Christian Science Monitor

July 12, 2025
How you can see new movies early – Yahoo

Unlock the Secret to Watching New Movies Before Everyone Else!

July 12, 2025
Why it’s a rough time to be a health insurer – Axios

Why it’s a rough time to be a health insurer – Axios

July 12, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (717)
  • Economy (740)
  • Entertainment (21,627)
  • General (15,849)
  • Health (9,777)
  • Lifestyle (747)
  • News (22,149)
  • People (742)
  • Politics (750)
  • Science (15,958)
  • Sports (21,239)
  • Technology (15,725)
  • World (723)

Recent News

Meta Acquires AI Startup PlayAI to Enhance Voice Technology Capa – GuruFocus

Meta Acquires AI Startup PlayAI to Revolutionize Voice Technology Capabilities

July 12, 2025
Seattle Seahawks boost Alaskan high school flag football with training camp – Alaska’s News Source

Seattle Seahawks Elevate Alaskan High School Flag Football with Exciting Training Camp

July 12, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version