* Lotus Technology (NASDAQ:LOT [https://seekingalpha.com/symbol/LOT]) on Tuesday to sell convertible notes for up to an aggregate principal amount of $300 million.
* The Company expects to sell to ATW Partners notes in the original principal amount of $10 million on August 19, 2025.
* Upon satisfaction of certain other conditions, the agreement contemplates additional closings of up to $290 million in aggregate principal amount of additional convertible notes.
* The company had earlier announced that Geely has agreed to provide Lotus and its affiliates with a non-revolving credit facility of up to RMB1.6 billion.
* LOT is -2.4% to $2.04
* Source: Press Release [https://seekingalpha.com/pr/20204910-lotus-technology-received-up-to-300-million-funding-commitment-to-advance-business]
MORE ON LOTUS TECHNOLOGY
* Lotus Technology: Selling Cars At Cost And Hemorrhaging Cash [https://seekingalpha.com/article/4797842-lotus-technology-selling-cars-at-cost-and-hemorrhaging-cash]
* Seeking Alpha’s Quant Rating on Lotus Technology [https://seekingalpha.com/symbol/LOT/ratings/quant-ratings]
* Historical earnings data for Lotus Technology [https://seekingalpha.com/symbol/LOT/earnings]
* Financial information for Lotus Technology [https://seekingalpha.com/symbol/LOT/income-statement]
Lotus technology received up to $300 million funding commitment to advance business development and strengthen liquidity
Published 2 months ago
Aug 19, 2025 at 4:57 PM
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