Moomoo AIのまとめ
Lotus Technology has entered into a convertible note purchase agreement with Geely International on June 24, 2024, securing approximately $110 million through a private placement. The notes will be issued in two tranches with a maturity date of June 22, 2025, bearing an interest rate of SOFR plus 3.35%. The notes can be converted into ordinary shares or ADSs after 30 trading days from issuance.The initial conversion price will be determined by the volume-weighted average of the Company's ADS price over 10 consecutive trading days preceding the conversion date. The notes will rank senior to all other present and future unsecured and unsubordinated indebtedness of the Company. The transaction, subject to customary closing conditions, is expected to close in the near future.The investment demonstrates Geely's continued confidence in Lotus Tech's growth strategy and outlook. The funds will strengthen the Company's cash position as it continues to execute its strategy in the luxury electric vehicle market and advance its mission toward sustainable mobility.
