L Catterton Asia Acquisition in a regulatory filing included an investor presentation highlighting its proposed merger with Lotus Technology, a luxury EV maker.
An extension vote in March claimed around 24% of the SPAC's outstanding stock on redemptions of about $69.9 million, which left about $218 million in trust.
Terms for the Lotus Tech deal announced in January called for the target to receive up to $288 million that was in the SPAC's trust account at the time.
Lotus Technology does not include the traditional sports car assets of Lotus, which was founded in 1948.
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