Reported Earlier, Lotus Technology Entered Into A Convertible Bond Agreement With An Aggregate Principal Amount Of Approximately $110M Through A Private Placement From Its Existing Strategic Shareholder
Portfolio Pulse from Benzinga Newsdesk
Lotus Technology has entered into a convertible bond agreement worth approximately $110 million through a private placement from its existing strategic shareholder.
June 25, 2024 | 6:52 am
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Lotus Technology has secured $110 million through a convertible bond agreement with its existing strategic shareholder. This infusion of capital could be used for expansion, R&D, or other strategic initiatives.
The $110 million convertible bond agreement provides Lotus Technology with significant capital, which can be used for various strategic purposes. This is likely to be viewed positively by investors as it indicates financial strength and potential for growth.
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