L Catterton Asia Acquisition Corporation

L Catterton Asia Acquisition Corporation

LCAA
L Catterton Asia Acquisition CorporationUS flagNASDAQ Capital Market
13.51
USD
+0.32
- -
391.06MMarket Cap
No data availableFinancial data will appear here once available

Capital Structure

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in mil. unless spec.
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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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in mil. unless spec.
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Quarterly Dividends Per Share

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in mil. unless spec.
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Company Description

CEO
Chintamani Aniruddha Bhagat
Sector
Financial Services
Industry
Shell Companies
Address
Asia Square Tower 1 Singapore Singapore 018960
IPO Date
May 6, 2021
Website
lcaac.com
Business
L Catterton Asia Acquisition Corporation (LCAA), a blank check company sponsored by affiliates of L Catterton, focuses on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations primarily with consumer technology companies in Asia; it offers no independent products or services beyond its SPAC structure. Headquartered in Singapore and founded in 2021, the company raised $250 million in its initial public offering in March 2021 and targeted IPO-ready businesses through L Catterton Asia 3, leveraging the global firm's resources across private equity, credit, and real estate platforms. LCAA completed a definitive business combination with Lotus Technology Inc., a luxury electric vehicle manufacturer, which closed on February 22, 2024, resulting in Lotus Technology listing on NASDAQ under the ticker LOT while LCAA shares continue trading post-merger; this transaction valued the deal at approximately $7 billion and followed Lotus securing over $870 million in financing ahead of completion, marking LCAA's primary strategic realization with no subsequent major acquisitions, partnerships, or operational shifts reported.

Company News

  • Lotus Technology Celebrates Public Listing on Nasdaq

  • EV maker Lotus Tech closes up modestly in Nasdaq debut after SPAC merger

  • Lotus Tech and L Catterton Asia Acquisition Corp Complete Business Combination

  • Lotus Tech secures $870 mln ahead of deal completion with L Catterton SPAC

  • Lotus Technology releases first ESG report, targets carbon neutrality by 2038

  • Lotus Robotics Designated by Leading Automakers to License its Intelligent Driving Solutions