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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Emerging Smart Cities Technology Company, DarkPulse, Inc., to List on NASDAQ Exchange via a Business Combination with Global System Dynamics, Inc.

HOUSTON–(Organization WIRE)–DarkPulse, Inc. (OTC: DPLS) (“DarkPulse” or the “Company”), an rising company which utilizes highly developed technologies, which include their patented dim-pulse BOTDA laser-based important infrastructure monitoring systems, to generate the foundational engineering for the operation of Wise Cities, is happy to announce the signing of a definitive business combination settlement with International Method Dynamics, Inc. (NASDAQ: GSD) (“GSD”), and GSD’s wholly owned merger subsidiary, Zilla Acquisition Corp. The combined organization will be termed “Global Procedure Dynamics, Inc.” upon the closing of the transaction and is envisioned to be detailed on NASDAQ less than a new ticker symbol “DARK.”

Highlights of the transaction include:

  • Once the transaction is complete, DarkPulse will be delisted from the OTC Markets and will trade on the NASDAQ exchange. The transaction is expected to close in the initial or next quarter of 2023.
  • The put together organization will have an original equity value of around $223 million which equates to an enterprise benefit of close to $145 million, assuming no redemptions by GSD stockholders.
  • GSD currently has close to $108.8 million income in trust as of December 14, 2022.
  • The transaction is envisioned to give DarkPulse with increased access to funds, far better liquidity, and a wider trader viewers as it pursues extra strategic and accretive acquisitions in the crucial infrastructure industries of roadways, shipping, agriculture, and other industries that call for structural checking.
  • The latest Board of Administrators of GSD will continue being with a few further directors, Dennis O’Leary, Joseph Catalino, and George Pappas, respectively, to be appointed to join the Board of Directors at the closing of the transaction.
  • All current DarkPulse shareholders will get 100% of their fairness in the professional forma firm.

DarkPulse develops, markets, and distributes a suite of engineering, set up, monitoring and laser-based mostly stability

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