Financing ·
On June 12, 2026, Lotus Technology Inc. entered into a convertible note purchase agreement with Geely International…
LOTLotus Technology Inc.
On June 12, 2026, Lotus Technology Inc. entered into a convertible note purchase agreement with Geely International (Hong Kong) Limited for a principal amount of $128,324,684.58 via private placement. The note matures 364 days after issuance with an annual interest rate of SOFR plus 3.35%, payable at maturity. Geely may convert the note into ordinary shares or ADSs starting 30 trading days after issuance, with a conversion price based on the 10-day volume-weighted average price preceding the conversion date. The note ranks senior to other unsecured indebtedness, except for a $10 million note issued to ATW in August 2025. Lotus Technology Inc. operates in the automotive industry and develops electric vehicles and smart mobility solutions.