Core Viewpoint - LOBO EV Technologies Ltd. is in advanced negotiations with Strattners for a potential equity financing facility, which could provide up to $10 million in capital over three years, supporting the company's long-term growth and expansion plans [1][2][5]. Group 1: Equity Financing Details - Strattners aims to become a cornerstone investor in LOBO, expressing optimism about the company's long-term development potential [2]. - The agreement allows LOBO to issue and sell ordinary shares to Strattners at its discretion, without a volume-weighted average price mechanism [3]. - The proceeds from any share issuance will be used for general corporate purposes, including working capital, capital expenditures, product development, and expansion initiatives [4]. Group 2: Company Overview - LOBO EV Technologies Ltd. specializes in the design, development, manufacturing, and sale of e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles [6]. - The company is also expanding into AI-powered multimedia interactive systems and medical technology manufacturing, aiming to provide intelligent and efficient mobility and healthcare solutions [6].
LOBO EV Technologies Ltd. and Strattners Exploring Strategic Investment Partnership