Lotus EV division to go public via $5.4B SPAC deal

Lotus EletreLotus Technology, a division of Lotus responsible for EV development, is about to go public via a SPAC deal. Also referred to as a reverse merger, a SPAC deal is where a private company goes public by being taken over by a company that’s already listed, typically one set up solely for this purpose, known in investor circles as a special purpose…

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