L Catterton Asia Acquisition in a regulatory filing included an investor presentation highlighting its proposed merger with Lotus Technology, a luxury EV maker.
An extension vote in March claimed around 24% of the SPAC’s outstanding stock on redemptions of about $69.9 million, which left about $218 million in trust.
Terms for the Lotus Tech deal announced in January called for the target to receive up to $288 million that was in the SPAC’s trust account at the time.
Lotus Technology does not include the traditional sports car assets of Lotus, which was founded in 1948.
The SPAC is affiliated with Bernard Arnault, the world’s richest man. Read more.
