L Catterton Asia Acquisition Merger Partner Lotus Tech Has Opened 24 New Outlets Over The First Half Of 2023; Targets To Reach Over 300 Stores By The End Of 2023
Portfolio Pulse from Charles Gross
Lotus Technology Inc., a luxury electric vehicle maker, has expanded its global retail network to 1931 stores, opening 24 new outlets in the first half of 2023. The company plans to further develop its global distribution network, targeting over 300 stores by the end of 2025. L Catterton Asia Acquisition Corp (NASDAQ:LCAA), a blank check company, is incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.

July 24, 2023 | 11:36 am
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L Catterton Asia Acquisition Corp (NASDAQ:LCAA) is a potential merger partner with Lotus Tech, which is expanding its global retail network. This could potentially increase the value of LCAA.
The news of Lotus Tech's expansion and its potential merger with L Catterton Asia Acquisition Corp (NASDAQ:LCAA) could attract investors to LCAA, potentially driving up its stock price in the short term.
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