Lotus Technology, a division of Lotus responsible for development of electric vehicles, is about to go public via a SPAC deal. Also referred to as a reverse merger, a SPAC deal is where a private company goes public by being taken over by a company that's already listed, typically one set up solely for this purpose, known in investor circles as a...
from Motor Authority https://ift.tt/JCbleDy
Wednesday, February 21, 2024
Lotus EV division enters SPAC deal, will list on Nasdaq
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