Filed by Lotus Technology Inc.
Pursuant to Rule 425 under the Securities Act of 1933,
as amended, and deemed filed pursuant to Rule 14a-6
under the Securities Exchange Act of 1934, as amended
Subject Company: L Catterton Asia Acquisition
Corp
Commission File No.: 001-40196
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or Section 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 8, 2024
L Catterton Asia Acquisition Corp
(Exact
name of registrant as specified in its charter)
| Cayman Islands |
001-40196 |
98-1577355 |
| (State or other jurisdiction of |
(Commission |
(I.R.S. Employer |
| incorporation or organization) |
File Number) |
Identification Number) |
| 8 Marina View, Asia Square Tower 1 |
|
|
| #41-03, Singapore |
|
018960 |
| (Address of principal executive offices) |
|
(Zip Code) |
+65 6672 7600
Registrant’s
telephone number, including area code
Not Applicable
(Former
name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:
| x | Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| |
|
Trading |
|
Name of each exchange on |
| Title of each class |
|
Symbol(s) |
|
which registered |
| Units,
each consisting of one Class A Ordinary Share, $0.0001 par value, and one-third of one redeemable warrant |
|
LCAAU |
|
The
Nasdaq Stock Market LLC |
| Class A
Ordinary Shares included as part of the units |
|
LCAA |
|
The
Nasdaq Stock Market LLC |
| Redeemable
warrants included as part of the units, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of
$11.50 |
|
LCAAW |
|
The
Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company x
If an emerging growth
company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new
or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 7.01 |
Regulation FD Disclosure |
On February 20,
2024, L Catterton Asia Acquisition Corp, an exempted company limited by shares incorporated under the laws of the Cayman
Islands (“SPAC” or “LCAA”) issued a press release announcing
that the previously proposed Business Combination (as defined below) is expected to be completed on February 22, 2024. The press
release is attached hereto as Exhibit 99.1 and incorporated by reference herein.
The foregoing
(including Exhibits 99.1) is being furnished pursuant to Item 7.01 and shall not be deemed to be filed for purposes of Section 18
of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise be subject to the liabilities
of that section, nor shall it be deemed to be incorporated by reference into any filing of LCAA under the Securities Act or the Exchange
Act, regardless of any general incorporation language in such filings. This Current Report will not be deemed an admission as to the materiality
of any of the information in this Item 7.01, including Exhibits 99.1.
As previously announced, on January 31,
2023, LCAA, Lotus Technology Inc., an exempted company limited by shares incorporated under the laws of the Cayman Islands (the “Company”
or “Lotus Tech”), Lotus Temp Limited, an exempted company limited by shares incorporated under the laws of the Cayman
Islands and a wholly-owned subsidiary of Lotus Tech (“Merger Sub 1”), and Lotus EV Limited, an exempted company limited
by shares incorporated under the laws of the Cayman Islands and a wholly-owned subsidiary of Lotus Tech (“Merger Sub 2”)
entered into the Agreement and Plan of Merger (as amended and restated by the First Amended and Restated Agreement and Plan of Merger,
dated as of October 11, 2023 and as may be further amended, supplemented or otherwise modified from time to time, the “Merger
Agreement”), pursuant to which, among other things, (i) Merger Sub 1 will merge with and into LCAA (the “First
Merger”), with LCAA surviving the First Merger as a wholly owned subsidiary of Lotus Tech (the surviving entity of the First
Merger, “Surviving Entity 1”), and (ii) immediately following the consummation of the First Merger, Surviving
Entity 1 will merge with and into Merger Sub 2 (the “Second Merger”, and together with the First Merger, collectively,
the “Mergers”), with Merger Sub 2 surviving the Second Merger as a wholly owned subsidiary of Lotus Tech (the transactions
contemplated by the Merger Agreement, including the Mergers, collectively, the “Business Combination”).
Filing with CSRC
As described in the definitive proxy statement/prospectus
filed with the SEC by LCAA and Lotus Tech on January 12, 2024, in connection with the Business Combination and Lotus Tech’s
listing, Lotus Tech is required to make a filing with the China Securities Regulatory Commission (the “CSRC”) and to
comply with the other requirements pursuant to the Trial Administrative Measures of the Overseas Securities Offering and Listing by Domestic
Companies promulgated by the CSRC on February 17, 2023.
On February 8, 2024, the CSRC has concluded
the filing procedures and published the filing results on the CSRC website.
Subscription Agreements
On February 15,
2024, Lotus Tech entered into a subscription agreement with a third-party investor pursuant to which such investor agreed to subscribe
for and purchase 1,500,000 ordinary shares of Lotus Tech for US$10.00 per share on terms and conditions substantially similar to those
contained in the other subscription agreements previously entered into by Lotus Tech and the PIPE investors.
Separately, a PIPE investor
which previously committed to subscribing for and purchasing certain ordinary shares of Lotus Tech for a total investment amount of approximately
US$3,000,000 has elected to terminate such investment commitment.
Forward-Looking Statements
This current report (the “Current
Report”) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the
“Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on beliefs and assumptions
and on information currently available to LCAA and Lotus Tech.
All statements other than statements
of historical fact contained in this Current Report are forward-looking statements. In some cases, you can identify forward-looking statements
by the following words: “may,” “will,” “could,” “would,” “should,” “expect,”
“intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,”
“project,” “potential,” “continue,” “ongoing,” “target,” “seek”
or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although
not all forward-looking statements contain these words. These statements are based upon estimates and forecasts and reflect the views,
assumptions, expectations, and opinions of LCAA and Lotus Tech, which involve risks, uncertainties and other factors that may cause actual
results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking
statements. Any such estimates, assumptions, expectations, forecasts, views or opinions, whether or not identified in this Current Report,
should be regarded as preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of
future results. Although each of LCAA and Lotus Tech believes that it has a reasonable basis for each forward-looking statement contained
in this Current Report, each of LCAA and Lotus Tech caution you that these statements are based on a combination of facts and factors
currently known and projections of the future, which are inherently uncertain. In addition, there are risks and uncertainties described
in the definitive proxy statement/prospectus in the registration statement on Form F-4 relating to the proposed transaction filed
by Lotus Tech with the SEC and other documents filed by LCAA or Lotus Tech from time to time with the SEC. These filings may identify
and address other important risks and uncertainties that could cause actual events and results to differ materially from those expressed
or implied in the forward-looking statements. Neither LCAA nor Lotus Tech can assure you that the forward-looking statements in this Current
Report will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including the ability
to complete the business combination due to the failure to obtain approval from LCAA shareholders or satisfy other closing conditions
in the Merger agreement, the occurrence of any event that could give rise to the termination of the Merger agreement, the ability to recognize
the anticipated benefits of the business combination, the amount of redemption requests made by LCAA public shareholders, costs related
to the transaction, the risk that the transaction disrupts current plans and operations as a result of the announcement and consummation
of the transaction, the outcome of any potential litigation, government or regulatory proceedings and other risks and uncertainties, including
those included under the heading “Risk Factors” in the registration statement on Form F-4 filed by Lotus Tech with the
SEC and those included under the heading “Risk Factors” in the annual report on Form 10-K of LCAA and in its subsequent
quarterly reports on Form 10-Q and other filings with the SEC. In light of the significant uncertainties in these forward-looking
statements, you should not regard these statements as a representation or warranty by LCAA or Lotus Tech, their respective directors,
officers or employees or any other person that LCAA or Lotus Tech will achieve their objectives and plans in any specified time frame,
or at all. The forward-looking statements in this Current Report represent the views of LCAA and Lotus Tech as of the date of this Current
Report. Subsequent events and developments may cause those views to change. However, while LCAA and Lotus Tech may update these forward-looking
statements in the future, LCAA and Lotus Tech specifically disclaim any obligation to do so, except to the extent required by applicable
law. You should, therefore, not rely on these forward-looking statements as representing the views of LCAA and Lotus Tech as of any date
subsequent to the date of this Current Report. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Additional Information and Where to Find It
In connection with the proposed transaction, Lotus
Tech has filed a registration statement on Form F-4 with the SEC that includes a prospectus with respect to Lotus Tech’s securities
to be issued in connection with the proposed transaction and a proxy statement with respect to the shareholder meeting of LCAA to vote
on the proposed transaction, which was declared effective on January 12, 2024. Shareholders of LCAA and other interested persons
are encouraged to read the definitive proxy statement/prospectus as well as other documents to be filed with the SEC because these documents
contain important information about LCAA and Lotus Tech and the proposed transaction. Shareholders of LCAA are also able to obtain a copy
of the Form F-4, including the definitive proxy statement/prospectus, and other documents filed with the SEC without charge, by directing
a request to: L Catterton Asia Acquisition Corp, 8 Marina View, Asia Square Tower 1, #41-03, Singapore or, without charge, at the
SEC’s website (www.sec.gov).
Participants in the Solicitation
LCAA and Lotus Tech and their respective directors
and executive officers may be considered participants in the solicitation of proxies with respect to the potential transaction described
in this Current Report under the rules of the SEC. Information about the directors and executive officers of LCAA and their ownership
is set forth in LCAA’s filings with the SEC. Additional information regarding the persons who may, under the rules of the SEC,
be deemed participants in the solicitation of LCAA’s shareholders in connection with the potential transaction is set forth in the
registration statement containing the definitive proxy statement/prospectus filed with the SEC. These documents are available free of
charge at the SEC’s website at www.sec.gov or by directing a request to L Catterton Asia Acquisition Corp, 8 Marina View,
Asia Square Tower 1, #41-03, Singapore.
No Offer and Non-Solicitation
This Current
Report is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect
of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of LCAA or
Lotus Tech, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale
would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities
shall be made except by means of a prospectus meeting the requirements of the Securities Act.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Dated: February 20, 2024
| |
L CATTERTON ASIA ACQUISITION CORP |
| |
|
|
| |
By: |
/s/ Chinta Bhagat |
| |
Name: |
Chinta Bhagat |
| |
Title: |
Co-Chief Executive Officer and Chairman |
Exhibit 99.1
Lotus Tech and L Catterton Asia Acquisition
Corp Announce Closing of Business Combination
Lotus Tech’s American Depositary Shares to
Begin Trading on the Nasdaq on February 23, 2024 under Ticker Symbol “LOT”
New York and Singapore - February 20, 2024
– Lotus Technology Inc. (“Lotus Tech” or the “Company”), a leading global luxury electric vehicle maker,
and L Catterton Asia Acquisition Corp (“LCAA”) (NASDAQ: LCAA), a special purpose acquisition company formed
by affiliates of L Catterton, a leading global consumer-focused investment firm, announced today that their previously proposed
business combination is expected to be completed on February 22, 2024. The combined company will retain Lotus Tech's name as “Lotus
Technology Inc.” and its American Depositary Shares (ADS) will commence trading on the Nasdaq under the ticker symbol “LOT”
on February 23, 2024. The business combination was approved by LCAA shareholders at an extraordinary general meeting held
on February 2, 2024.
Integrating Lotus’s sports car DNA with a new generation of premium
lifestyle vehicles, Lotus Tech is committed to transforming the brand into an advanced, fully electric, intelligent, and sustainable luxury
mobility provider before its 80th anniversary in 2028. The Company has already set this ambitious plan in motion by launching
a leading product portfolio of high-performing battery electric vehicles (“BEVs”) ahead of other global luxury automakers.
These BEVs include Eletre, a new breed of all-electric hyper-SUV powered by Lotus’s proprietary 800-volt EPA, and Emeya, an all-electric
hyper-GT among the most advanced vehicles of its kind in the world. With both BEVs already on the roads and two more fully electric models
planned for launch over the next two years, Lotus Tech is on track to become the first traditional luxury automotive brand to achieve
a 100% electric product portfolio by 2027.
Since the transaction was announced, the Company has raised more than
US$880 million in pre-closing and private investment in public equity (“PIPE”) financing commitments from global investors,
existing shareholders, and strategic partners, representing one of the largest amounts of additional financings raised in connection with
a de-SPAC transaction since 2023.
“We are thrilled to announce our upcoming debut on the Nasdaq
as we complete our business combination with LCAA,” said Mr. Qingfeng Feng, Chief Executive Officer of Lotus Tech. “This
is a pivotal moment in our journey. We look forward to accelerating our growth as a listed company, leading the electric transformation
of the global luxury BEV market together with L Catterton."
“Our partnership with Lotus Tech has gotten stronger over time
and our respect for the mission it is on has only increased,” said Chinta Bhagat, Co-Chief Executive Officer of LCAA. “We
are excited about the road ahead as we continue building the definitive luxury electric vehicle brand together, leveraging our global
consumer insights and our strategic relationship with LVMH. Lotus Tech’s upcoming debut on the Nasdaq will be a key milestone in
its journey and we believe that the Company will have many more achievements to celebrate over the coming years.”
Lotus Tech will ring the Nasdaq opening bell in New York City on February 23,
2024 to commemorate the Company's public listing. A live stream of the event can be viewed at https://www.nasdaq.com/marketsite/bell-ringing-ceremony.
– END –
Advisors
Deutsche Bank acted as financial advisor, capital markets advisor and
PIPE placement agent, Skadden, Arps, Slate, Meagher & Flom as international legal counsel, and Han Kun Law Offices as PRC counsel
to Lotus Tech. Santander US Capital Markets LLC acted as equity capital markets advisor and financial advisor, Kirkland & Ellis
as international legal counsel and Fangda Partners as PRC counsel to LCAA. Shearman & Sterling LLP acted as international legal
counsel to Deutsche Bank and Santander US Capital Markets LLC.
About Lotus Technology
Lotus Technology Inc. has operations across China, the UK, and the
EU. The Company is dedicated to delivering luxury lifestyle battery electric vehicles, with a focus on world-class R&D in next-generation
automobility technologies such as electrification, digitalisation and more. For more information about Lotus Technology Inc., please
visit www.group-lotus.com.
About L Catterton Asia
Acquisition Corp
L Catterton Asia Acquisition Corp (NASDAQ: LCAA) is a
blank check company incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination with one or more businesses or entities. While it may pursue an initial target business in any industry
or sector, it has focused its search on high-growth, consumer technology sectors across Asia. For more information about L Catterton
Asia Acquisition Corp, please visit www.lcaac.com.
About L Catterton
L Catterton is a market-leading consumer-focused
investment firm, managing approximately $35 billion of equity capital across three multi-product platforms: private equity, credit and
real estate. Leveraging deep category insight, operational excellence, and a broad network of strategic relationships, L Catterton's
team of more than 200 investment and operating professionals across 17 offices partners with management teams to drive differentiated
value creation across its portfolio. Founded in 1989, the firm has made over 275 investments in some of the world's most iconic consumer
brands. For more information about L Catterton, please visit www.lcatterton.com.
Forward-Looking Statements
This press release (the “Press Release”) contains forward-looking
statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and
Section 21E of the U.S. Securities Exchange Act of 1934, that are based on beliefs and assumptions and on information currently available
to Lotus Tech and LCAA. All statements other than statements of historical fact contained in this Press Release are forward-looking
statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”,
“expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”,
“predict”, “potential”, “forecast”, “plan”, “seek”, “future”,
“propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although
not all forward-looking statements contain such terminology. Such forward-looking statements are subject to risks, uncertainties, and
other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.
These forward-looking statements are based upon estimates and assumptions
that, while considered reasonable by LCAA and its management, and Lotus Tech and its management, as the case may be, are inherently
uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the
occurrence of any event, change or other circumstances that could give rise to the termination of definitive agreements with respect to
the proposed Business Combination between LCAA, Lotus Tech and the other parties thereto (the “Business Combination”);
(2) the outcome of any legal proceedings that may be instituted against LCAA, the Combined Company or others following the
announcement of the Business Combination and any definitive agreements with respect thereto; (3) the amount of redemption requests
made by LCAA public shareholders and the inability to complete the Business Combination due to the failure to obtain approval of
the shareholders of LCAA, to obtain financing to complete the Business Combination or to satisfy other conditions to closing and;
(4) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws
or regulations or as a condition to obtaining regulatory approval of the Business Combination; (5) the ability to meet stock exchange
listing standards following the consummation of the Business Combination; (6) the risk that the Business Combination disrupts current
plans and operations of the Company as a result of the announcement and consummation of the Business Combination; (7) the ability
to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability
of the Combined Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management
and key employees; (8) costs related to the Business Combination; (9) risks associated with changes in applicable laws or regulations
and Lotus Tech’s international operations; (10) the possibility that Lotus Tech or the Combined Company may be adversely affected
by other economic, business, and/or competitive factors; (11) Lotus Tech’s estimates of expenses and profitability; (12) Lotus
Tech’s ability to maintain agreements or partnerships with its strategic partner Geely Holding and to develop new agreements or
partnerships; (13) Lotus Tech’s ability to maintain relationships with its existing suppliers and strategic partners, and source
new suppliers for its critical components, and to complete building out its supply chain, while effectively managing the risks due to
such relationships; (14) Lotus Tech’s reliance on its partnerships with vehicle charging networks to provide charging solutions
for its vehicles and its strategic partners for servicing its vehicles and their integrated software; (15) Lotus Tech’s ability
to establish its brand and capture additional market share, and the risks associated with negative press or reputational harm, including
from lithium-ion battery cells catching fire or venting smoke; (16) delays in the design, manufacture, launch and financing
of Lotus Tech’s vehicles and Lotus Tech’s reliance on a limited number of vehicle models to generate revenues; (17) Lotus
Tech’s ability to continuously and rapidly innovate, develop and market new products; (18) risks related to future market adoption
of Lotus Tech’s offerings; (19) increases in costs, disruption of supply or shortage of materials, in particular for lithium-ion cells
or semiconductors; (20) Lotus Tech’s reliance on its partners to manufacture vehicles at a high volume, some of which have
limited experience in producing electric vehicles, and on the allocation of sufficient production capacity to Lotus Tech by its partners
in order for Lotus Tech to be able to increase its vehicle production capacities; (21) risks related to Lotus Tech’s distribution
model; (22) the effects of competition and the high barriers to entry in the automotive industry, and the pace and depth of electric
vehicle adoption generally on Lotus Tech’s future business; (23) changes in regulatory requirements, governmental incentives
and fuel and energy prices; (24) the impact of the global COVID-19 pandemic on LCAA, Lotus Tech, Lotus Tech’s
post business combination’s projected results of operations, financial performance or other financial metrics, or on any of the
foregoing risks; and (25) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary
Note Regarding Forward-Looking Statements” in LCAA’s final prospectus relating to its initial public offering (File No. 333-253334) declared
effective by the SEC on March 10, 2021, and other documents filed, or to be filed, with the U.S. Securities and Exchange Commission
(the “SEC”) by LCAA or Lotus Tech, including the Registration/Proxy Statement (as defined below). There may be additional
risks that neither LCAA nor Lotus Tech presently know or that LCAA or Lotus Tech currently believe are immaterial that could
also cause actual results to differ from those contained in the forward-looking statements.
Nothing in this Press Release should be regarded as a representation
by any person that the forward-looking statements set forth herein will be achieved in any specified time frame, or at all, or that any
of the contemplated results of such forward-looking statements will be achieved in any specified time frame, or at all. The forward-looking
statements in this Press Release represent the views of LCAA and Lotus Tech as of the date they are made. While LCAA and
Lotus Tech may update these forward-looking statements in the future, LCAA and Lotus Tech specifically disclaim any obligation
to do so, except to the extent required by applicable law. You should not place undue reliance on forward-looking statements.
Additional Information
In connection with the proposed Business Combination,
(i) Lotus Tech has filed with the SEC a registration statement on Form F-4 (File No. 333-275001) containing a preliminary
proxy statement of LCAA and a preliminary prospectus (the “Registration/Proxy Statement”), and (ii) LCAA
will file a definitive proxy statement relating to the proposed Business Combination (the “Definitive Proxy Statement”) and
will mail the Definitive Proxy Statement and other relevant materials to its shareholders after the Registration/Proxy Statement is declared
effective. The Registration/Proxy Statement contains important information about the proposed Business Combination and the other matters
to be voted upon at a meeting of LCAA shareholders to be held to approve the proposed Business Combination. This Press Release
does not contain all the information that should be considered concerning the proposed Business Combination and is not intended to form
the basis of any investment decision or any other decision in respect of the Business Combination.
Before making any voting or other investment
decisions, securityholders of LCAA and other interested persons are advised to read, when available, the Registration/Proxy Statement
and the amendments thereto and the Definitive Proxy Statement and other documents filed in connection with the proposed Business Combination,
as these materials will contain important information about LCAA, Lotus Tech and the Business Combination. When available,
the Definitive Proxy Statement and other relevant materials for the proposed Business Combination will be mailed to shareholders of LCAA
as of a record date to be established for voting on the proposed Business Combination. Shareholders will also be able to obtain copies
of the Registration/Proxy Statement, the Definitive Proxy Statement and other documents filed with the SEC, without charge, once available,
at the SEC’s website at www.sec.gov, or by directing a request to: LCAA, 8 Marina View, Asia Square Tower 1, #41-03, Singapore
018960, attention: Katie Matarazzo.
INVESTMENT IN ANY SECURITIES DESCRIBED
HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED
THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENSE.
Participants in the Solicitation
LCAA and Lotus Tech, and certain of
their directors and executive officers, may be deemed participants in the solicitation of proxies from LCAA’s shareholders
with respect to the proposed Business Combination. A list of the names of those directors and executive officers and a description of
their interests in LCAA is set forth in LCAA’s filings with the SEC (including LCAA’s final prospectus
related to its initial public offering (File No. 333-253334) declared effective by the SEC on March 10, 2021), and
are available free of charge at the SEC’s web site at www.sec.gov, or by directing a request to LCAA, 8 Marina View, Asia
Square Tower 1, #41-03, Singapore 018960, attention: Katie Matarazzo. Additional information regarding the interests of such participants
and other persons who may, under the rules of the SEC, be deemed participants in the solicitation of the shareholders in connection
with the proposed Business Combination will be contained in the Registration/Proxy Statement for the proposed Business Combination when
available.
No Offer and Non-Solicitation
This Press Release is not a proxy statement
or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall
not constitute an offer to sell or a solicitation of an offer to buy the securities of LCAA or Lotus Tech, nor shall there be any
sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration
or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus
meeting the requirements of the Securities Act.
Contact Information
For inquiries regarding Lotus Tech
Demi Zhang
ir@group-lotus.com
Brunswick Group
Lotustechmedia@brunswickgroup.com
For inquiries regarding LCAA and/or
L Catterton
Julie Hamilton (U.S.)
media@lcatterton.com
+1 203 742 5185
Bob Ong / Bonnie Gan (Asia)
bob.ong@lcatterton.com / bonnie.gan@lcatterton.com
+65 6672 7619 / +86 10 8555 1807
L Catterton Asia Acquisi... (NASDAQ:LCAAU)
Historical Stock Chart
From Mar 2024 to Apr 2024
L Catterton Asia Acquisi... (NASDAQ:LCAAU)
Historical Stock Chart
From Apr 2023 to Apr 2024
