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Apex Trader Funding (ATF) - News

Lotus Technology Secures Investment from Strategic Investor

NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, today announced that it has entered into a convertible bond agreement with an aggregate principal amount of approximately $110 million1 through a private placement from its existing strategic shareholder (the "Investment"). The investment marks the shareholder's continuous confidence in Lotus Tech's growth strategy and outlook. The transaction is subject to customary closing conditions and the closing is expected to take place in the near future. A description of the material terms and conditions of the convertible purchase agreement and the notes is included in the Company's current report on Form 6-K filed with the U.S. Securities and Exchange Commission. The Investment underscores the shareholder's strong belief in the Company's vision and core ...