Lotus About to Be Listed on NASDAQ after Strategic Merger

[CBuff]

https://www.caranddriver.com/news/a42744136/lotus-going-public-nasdaq/
 

The British car manufacturer Lotusis already owned by Geely, and now the company has announced its EV division will merge with L Catterton Asia Acquisition Corp., which is a SPAC or special acquisition company…….

[speedwagon]

china ownership just like the last balloon.

[MV8]

SPACs were hot a few years ago but read the SEC filing to see if it "warrants" it (little joke there).

[speedwagon]

Usually wash my hands of all things with connections to that country, but like ALL Americans some items originating there have found their way to my property. And it is not just the usually poor quality being my reason, but survival.    john

[slowdude]

On 2/6/2023 at 1:41 PM, MV8 said:

SPACs were hot a few years ago but read the SEC filing to see if it "warrants" it (little joke there).

 

This, friend is on the originating side of spacs, be real curious to see. 

 

As with most spacs we will probably see a 25-75% spike and then a spectacular crash to $2. I'm a casual to the stock market- would be interested if there were holder perks like Berkshire or Ford..

[MV8]

Me too. I think it is typical for the primaries to be able to pull out once it drops below a certain amount, dropping it further while it may drag on for years to expiration and never actually merge. An actual Cat is a better investment unless speculating imho.

[speedwagon]

at 81 i have been split 50/50 between Berkshire and vanguard VTI, this has served me well.  john  but still an element of the orient involved.