Ecarx Holdings (ECX) will invest $23 million in Lotus Technology (LOT) through a private placement in a bid to deepen their partnership, the companies said Monday.
Ecarx will subscribe for 16,788,321 newly issued Lotus shares at $1.37 each.
The companies expect the investment to close within 30 days following the execution of the subscription agreement.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments