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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In the Know: Technology boosts business value

In the Know is a regular partnership between LP Gas and Propane Resources. This month, Adam Zoellner and Sean McCann reveal why employing application can enhance your propane company’s worth proposition.


Dilemma: How does computer software impression the worth of your small business?

Respond to: When was the final time you modernized an factor of your enterprise? Was it this year, previous 12 months, five a long time in the past, even more time?

Picture: ipuwadol/iStock / Getty Illustrations or photos In addition/Getty Photos

Your competitors is often modernizing and so ought to you. A reluctance to modernize and adapt to at any time-modifying technologies will decay your company from the inside of out. A thriving propane business calls for implementation of fashionable systems to continue being competitive. Negligence to adapt will end result in an antiquated procedure.

Technological adaptation can improve all elements of your company’s functions, which includes routing, consumer administration and weather-primarily based functions. Small business owners will see incredible price in software programs that are on the current market today. The price of these new procedure upgrades will spill around into other elements of your small business.

From the smallest operation with a handful of workers to businesses with many dozen, every single corporation has a routing strategy that “works” for them. One huge difference is the quantity of time and work spent calculating and organizing every day routing. Corporations with improved software systems are spending a fraction of the time to coordinate operations. Time is dollars, and individuals who manually establish routes are burning through it. Routing software makes it possible for a corporation to plot dozens of drops for numerous motorists in a issue of seconds, cutting down the amount of money of batch work on office environment workers.

Adopting new, upgraded program

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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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How eSIM Technology is Disrupting the Telecom Retail Business Model

As telecommunication know-how evolves, a person new craze that is top of thoughts for every single telecom carrier and their retail operations is eSIM.

At its latest Iphone 14 launch, Apple announced that the most recent Apple iphone product (in the US only for now) would have an embedded SIM, or eSIM, and would not have a actual physical SIM card tray.

For customers, it’s not as basic as obtaining the most up-to-date Apple iphone and sticking with their same telecom assistance provider. Without a doubt, most carriers don’t even assistance eSIM technology. This suggests that any Iphone buyers who want to enhance to the latest model will want to have, or swap to, a price prepare that does aid eSIM.

And there is a lot of determination for them to do so. From a customer standpoint, the advantages of eSIM are noticeable, if you can get a price program that is effective with it. eSIM engineering signifies:

  • no SIM tray, which lets for smaller, more light-weight products
  • no much more fiddly SIM cards
  • it is a lot quicker and easier to activate devices
  • end users will be equipped to effortlessly swap among distinctive carriers (these kinds of as intercontinental networks when on vacation).

The challenge for carriers

Machine companies have prolonged been on board with eSIM—especially if you glimpse at the global sector. In 2021, globally, there had been 57 smartphone products with eSIM on the market, much more than 50 % of which assistance 5G, and more than 3 billion subscribers in 82 international locations who used an eSIM support.

In contrast, the information of Apple’s move to eSIM know-how was fulfilled with fewer enthusiasm by most North American carriers. Global Details claimed before this yr that the go would be “a catastrophe for unwell-ready carriers.” In

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How your business technology will change in 2023

The 3 vital spots for IT next calendar year will be: supporting hybrid collaboration, figuring out how to blend legacy and new technologies together, and ultimately, leaning on AI and automation to increase productivity. And of system, this all sits within just the context of the financial downturn and tighter budgets.

Financial local climate

Across the industry, we’ve noticed the affect of the economic downturn, with our personal commissioned investigation into the realities and struggles of 350 IT leaders throughout the British isles and US highlighting the issues they facial area.

We discovered that corporations are possessing to pull back on new investments or offer with lessened budgets for the next 12 months.

In truth, one particular-third of Uk IT leaders have been pressured to deprioritize or cancel tech jobs although 65% stated they both prepared to, or currently had, decreased their IT finances as a final result of the financial downturn.

The concern is: what does that necessarily mean? How can organizations do additional with what they already have?

Several are hunting at gluing jointly the resources they currently have, although other folks are hunting to automation and AI to maximize the effectiveness and agility of their organisation.

AI is moving from novelty to reality in the place of work

We just lately took a pulse examine of mid-senior management staff in massive enterprises to uncover out what they genuinely imagine of AI in the workplace. We uncovered that virtually two-thirds of United kingdom respondents (61%) required to use AI at function as they recognised its quite a few advantages, with more than fifty percent (53%) indicating that AI will preserve them time.

Even so, 41% felt that their enterprise lacked the abilities demanded to implement and use AI at this time. As we head into 2023, these talent

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Gaming technology makes learning new software fun

Firms globally are investing in IT to meet up with electronic transformation goals and offset any shortfall in talent. Spending on application by itself is projected to strike $675 billion in 2022.

But as staff wrestle to quickly adopt these new systems corporations typically see very poor return on financial commitment (ROI).

This is where by gaming technologies can appear in.

Investing in the things of match playing engineering, or the adoption of so-termed “gamification” methods, can simplicity the implementation of new business enterprise computer software for staff members and preserve providers tens of millions.

There are a selection of reasons why personnel are not adopting new systems into their operating lives and, in switch, losing the investments companies have built.

A huge just one is that software package is typically intended by tech-minded men and women. These men and women are superior at what they do, but options and functions frequently get priority in excess of simplicity of use.

Organization software package typically comes with internet pages and web pages of on the internet directions on how to use the product or service, or, if you’re lucky, a couple movie tutorials. Not often is there the prospect to interact with the mastering course of action.

Workers just don’t have the incentive or the patience to devote their time reading online aid. Even if they do, it is not likely the awareness is absorbed. The past way of undertaking items has worked for them in the past, and the new procedure only leaves them feeling dumb for not knowledge it or pissed off at the gradual course of action of discovering how to use it.

Simply set, they really don’t have the enthusiasm to find out.

Extra than that, they unquestionably really do not have the drive to fail.

A

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