Lotus Technology Received up to $300 Million Funding Commitment to Advance Business Development and Strengthen Liquidity

Core Viewpoint - Lotus Technology Inc. has entered into a securities purchase agreement with ATW Partners to issue convertible notes totaling up to $300 million, indicating strong investor confidence and providing the company with additional financial flexibility for its transformation efforts [1][2]. Group 1: Transaction Details - The company plans to issue Initial Notes worth $10 million on August 19, 2025, with the potential for additional closings of up to $290 million in convertible notes, contingent upon certain conditions [3]. - The Initial Notes will be offered through a registered direct offering under a registration statement that became effective on June 13, 2025, with a final prospectus supplement to be filed with the SEC [3]. Group 2: Financial Support - In addition to the securities purchase agreement, the company has entered into a Master Credit Facility Framework Agreement with Zhejiang Geely Holding Group, which includes a non-revolving credit facility of up to RMB 1.6 billion [2]. Group 3: Company Overview - Lotus Technology Inc. operates in the UK, EU, and China, focusing on luxury battery electric vehicles and next-generation automobility technologies, including electrification and digitalization [5].