Lotus Technology to Go Public through Business Combination with L Catterton Asia Acquisition Corp, Accelerating Lotus’s Vision to Deliver All-Electric, Sustainable Luxury Vehicles Globally

  • Lotus Tech is a pioneering luxury electric vehicle maker that operates under the iconic British brand, Lotus. L Catterton Asia Acquisition Corp is a special purpose acquisition company listed on the Nasdaq (NASDAQ: LCAA) that is affiliated with L Catterton, a leading global consumer-focused investment firm.
  • The Business Combination transaction between Lotus Tech and LCAA values the Combined Company at a pro forma enterprise value of approximately US$5.4 billion, taking into account up to approximately US$288 million of cash from LCAA’s trust account (assuming none of LCAA’s public shareholders elect to redeem their shares).
  • All existing Lotus Tech equity holders, including Geely Holding, Etika, NIO Capital, etc. are expected to retain their interests in Lotus Tech and own a total of approximately 89.7% of the issued and outstanding equity of the Combined Company immediately following the closing of the Business Combination (assuming none of LCAA’s public shareholders elect to redeem their shares, among other assumptions), underscoring their continued confidence in Lotus Tech’s growth strategy and outlook.
  • Lotus Tech’s current leadership team led by CEO Qingfeng Feng will continue to lead the Combined Company, contributing their extensive experience in the global automobile industry.
  • Lotus Tech’s first fully electric hyper SUV, Eletre, is expected to begin delivery in China in the first quarter of this year, and in the UK and EU later this year. Planning is underway for future delivery of Eletre to the U.S. and rest of the world, leveraging the Lotus brand’s global network across core regions.
  • Proceeds from the Business Combination are expected to be used for further product innovation, next-generation automobility technology development, global distribution network expansion and general corporate purposes.

NEW YORK and SINGAPORE, Jan. 31, 2023 /PRNewswire/ — Lotus Technology Inc. (“Lotus Tech” or the “Company”), a leading

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Diversify and Thrive: Top Tips for Successful Investing in 2023

As we step out of the agonizing industry of 2022 to enter 2023, it is really necessary to method the marketplaces with warning and a extensive-time period point of view. Though it’s normal to get caught up in the enjoyment of the hottest sizzling stock or stylish new investment decision option, you ought to know that productive investing needs a diversified portfolio and a target on the extensive haul.

Each and every bear market and recession ultimately prospects up to one more upswing. There are no assures that the change from troubled waters to superior situations will be quick, but the info doesn’t lie: Investing in the stock market with a prolonged-time period aim will make you income in the extended operate.

With that comforting simple fact in brain, in this article are a number of top ideas for prosperous investing in 2023. 

Diversify your portfolio

Diversification is crucial to effective investing. By spreading your investments across a variety of asset classes, these as shares, bonds, real estate, and cryptocurrencies, you can assist defend by yourself towards sector volatility and lessen the affect of any one particular expenditure underperforming.

If you like to emphasis on just the stock industry, diversifying your inventory portfolio is still a significant action in managing chance and maximizing extensive-phrase returns. Investing in a range of stocks across distinct sectors and industries can minimize the effects of any just one stock underperforming.

Probably you never experience up to the activity of picking dozens of excellent very long-time period investments throughout a extensive array of industries, geographic marketplaces, and possibility profiles. Luckily for us, you will find an quick — and entirely realistic — way out. An exchange-traded fund that tracks a important stock index will give you an immediate base of broadly diversified stocks. For example,

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New conference to provide marketing and business development advice launches

A new legal meeting and awards has been launched to teach private customer legal professionals on the worth, and positive aspects of promoting, and business enterprise progress.

The Lawful Expansion Convention & Awards will be held on 4th April at DoubleTree by Hilton Lincoln. Hosted by Authorized Growth founder Tom Stansfield, the situations has been billed as an prospect for “great networking alternatives, wonderful product sales and marketing assistance and content, some great authorized assistance vendors and actionable guidelines to assistance you mature your authorized organization or division.”

With around 10 years working experience in advertising and marketing and small business enhancement roles in the legal sector at the Culture of Will Writers, Fortis Authorized and WillSuite, Authorized Advancement was introduced in 2022 to supply internet marketing and enterprise growth consultancy products and services to the authorized sector.

The meeting will address a selection of matters like social media, branding and research engine optimisation and consists of panel classes from small business homeowners who have executed thriving techniques in their have business enterprise.

The day finishes with the inaugural Legal Expansion Awards an option for entrants to “demonstrate your advertising and profits abilities in 10 exceptional groups.”

Talking about the launch of the celebration, Tom explained to Today’s Wills and Probate:

“There are plenty of extremely expensive techniques to do advertising and marketing and small business enhancement but a person of the causes I released Legal Progress was to aid organisations have an understanding of that it doesn’t have to be a high-priced workout.”

“I am passionate about internet marketing, building digital footprints, and looking at the success through natural and organic expansion. It’s the most powerful way to construct and maintain a very long phrase advertising and small business enhancement method.”

“Alongside the situations of the working day, the

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