Successfully merged with Lotus Technology Inc. • Now trading as LOT
SPAC Overview
$250M
IPO Size
$231M
Trust (as of 2023-09-30)
Completed
Current Status
2021
IPO Year
Timeline Progress
About
L Catterton Asia Acquisition Corp is a blank-check company seeking an IPO-ready business to combine with, focused on high-growth consumer technology sectors across Asia.
Investment Focus
Consumer, Technology
Geographic Focus
Asia
The terms and the filing trail behind L Catterton Asia Acquisition Corp
What the sponsor registered, what the deal actually priced at, and every 8-K that moved it — unit structure, sponsor promote, and the dated lifecycle events, each linked to its filing.
- Unit structure as registered and as priced — price, warrant coverage, rights, trust per unit
- Sponsor promote: founder shares and percentage, private-placement warrants, trust deposit
- The full 8-K lifecycle timeline, each event linked to its filing
- Price history across the unit, share and warrant tickers
- Follow it, and see it change on your watchlist
SPAC Team
Sponsors
Leadership
Chinta Bhagat
Chairman of the Board of Directors, Chief Executive Officer, Co-Chief Executive Officer, Director
Scott Chen
Chief Executive Officer, Co-Chief Executive Officer, Director
Howard Steyn
President
Anish Melwani
Independent Director
Frank N. Newman
Independent Director
John Sculley
Independent Director
Underwriters
Extended Team Information
Led by Co-CEOs Chinta Bhagat and Scott Chen and President Howard Steyn, experienced L Catterton Asia investment professionals with consumer technology, private equity, company-building and capital-markets experience.
Stock Performance
LOT
Trading Symbol
First Trade
May 6, 2021
$9.85
At Merger
February 27, 2024
$11.30
+15%
6 Months Post-Merger
August 26, 2024
$5.62
-50%
1 Year Post-Merger
February 24, 2025
$2.40
-79%
2 Years Post-Merger
February 24, 2026
$1.13
-90%
Current Price
October 1, 2026
$0.82
-92%
Key Information
IPO Date
March 12, 2021
Total Redemptions
$70.2M
PIPE
$346M
State of Incorporation
E9
SIC
6770
Completion Date
February 22, 2024
Merger Target
Lotus Technology Inc.
SPAC Ticker
LCAA
Merged Ticker
LOT