Lotus Technology ( (LOT) ) has issued an announcement.
On March 28, 2025, Lotus Technology Inc. announced an amended and restated share buyback agreement with Meritz Securities Co., Ltd. and its subsidiary, Lotus EV Limited. This agreement involves the repurchase of 17,500,000 American depository shares from Meritz, which were initially issued during a business combination with L Catterton Asia Acquisition Corp. The completion of this transaction will lead to the termination of certain financial obligations and options under the previous subscription agreement, potentially impacting the company’s cash flow and financial strategy. The agreement outlines specific financial terms and conditions, including payment deadlines and consequences for non-compliance, which could affect the company’s financial stability and stakeholder interests.
More about Lotus Technology
Lotus Technology Inc. operates in the technology industry with a focus on electric vehicles. The company is involved in the production and development of electric vehicle technology and related services.
YTD Price Performance: -52.44%
Average Trading Volume: 200,796
Technical Sentiment Signal: Buy
Current Market Cap: $1.25B
For a thorough assessment of LOT stock, go to TipRanks’ Stock Analysis page.