L Catterton Asia Acquisition Corporation
LCAAW
NASDAQ Capital Market0.85
USD
+0.05
- -
CIK
0001841024
ISIN
KYG5346G1257
CUSIP
G5346G117
Return %
Stock
S&P500
1Y
62.43
26.84
3Y
6.25
77.03
5Y
6.25
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Chintamani Aniruddha Bhagat
- Sector
- Financial Services
- Industry
- Financial - Conglomerates
- Address
- 8 Marina View Singapore Singapore
- IPO Date
- May 3, 2021
- CIK
- 0001841024
- Website
- lcaac.com
- Similar Companies
- Business
- L Catterton Asia Acquisition Corporation (LCAAW) operates as a blank check company, or special purpose acquisition company (SPAC), incorporated in the Cayman Islands in 2021 and headquartered at 8 Marina View, Asia Square Tower 1, #41-03, Singapore 018960. LCAAW focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting high-growth opportunities in the consumer technology sectors across Asia; it maintains no significant standalone operations beyond pursuing such transactions. The company, led by Co-CEOs Chinta Bhagat and Scott Chen—both Managing Partners at L Catterton Asia—went public via IPO in March 2021, raising approximately $286.5 million in proceeds held in trust. In its primary transaction, LCAAW completed a definitive business combination with Lotus Technology Inc., a leading global luxury electric vehicle maker, on February 22, 2024, following shareholder approval on February 2, 2024; this reverse merger resulted in LCAA becoming a wholly owned subsidiary of Lotus Tech, with Lotus shares commencing trading on Nasdaq under the ticker LOT the following day and LCAA shares facing delisting. The deal valued Lotus Tech at a pro forma enterprise value of approximately $5.6 billion and supported Lotus's Vision80 strategy for sustainable luxury mobility, including models like the Eletre hyper-SUV and Emeya hyper-GT; LCAAW secured $870 million in additional funding ahead of closing to fund next-generation mobility technologies, product innovation, and global distribution expansion. Post-merger, LCAAW warrants (LCAAW) continue trading separately on Nasdaq, exercisable at $11.50 per share, amid Lotus Tech's ongoing developments such as planning a new PHEV model launch and advancing the acquisition of Lotus UK, now targeted for 2026 completion following put option exercises by Geely and Etika in 2025.