Lotus Technology SEC Filings

ATW-affiliated investors filed a Schedule 13G on Lotus Technology Inc. (LOT), reporting beneficial ownership of 75,327,923 ordinary shares in ADS form, representing 9.9% of the class.

The filing lists JAK Opportunities XXV LLC, ATW Master Fund V LP, ATW Partners Opportunities Management, LLC, Kerry Propper, and Antonio Ruiz-Gimenez as reporting persons with shared voting and dispositive power over the reported shares and no sole power. The position reflects shares that the holding entity can acquire through convertible debt and is subject to a 9.99% beneficial ownership blocker.

The percentage calculation is based on a statement that 678,705,338 shares were outstanding, as referenced in a company 6-K. The certification states the securities were not acquired for the purpose of changing or influencing control.

Meritz Securities Co., Ltd. filed a Schedule 13G/A reporting that it does not beneficially own any ordinary shares of Lotus Technology Inc. The filing states 0 shares and 0.0% ownership of the class. Meritz describes itself as a broker entity organized in the Republic of Korea and confirms the securities, where applicable, would be held in the ordinary course of business and not for the purpose of influencing control of the issuer. The statement indicates no voting or dispositive powers over Lotus ordinary shares.

Lotus Technology Inc. is offering $10.0 million of two-year convertible notes that bear interest at SOFR plus 6.75% (with 4.25% of that interest optionally payable in ADSs under certain equity conditions) and mature August 19, 2027. Notes convert into ADSs at an initial conversion price of $2.19 per ADS subject to periodic downward adjustment and contain alternate conversion mechanics, a beneficial ownership cap of 9.99%, holder redemption and company prepayment rights at premiums, and higher default interest of 14%.

Operationally, Lotus reported Q1 2025 revenue of $93 million (down 46% year-over-year), gross margin of 12% (vs 18% prior year), operating loss of $103 million and net loss of $183 million (a 29% reduction). Preliminary unaudited Q2 2025 estimates range revenue $200–$230 million and total liabilities $3.2–$3.5 billion. Material corporate points: ADSs trade on Nasdaq under LOT (closing $2.09 on Aug 18, 2025), the company is a Cayman holding company with significant PRC regulatory and cash‑flow risks, qualifies as an emerging growth company and a Nasdaq "controlled company" with >50% voting power held by Mr. Shufu Li.

Lotus Technology Inc. filed an American Form 6-K that primarily lists exhibits and includes a press release headline stating the company "Received up to $300 Million Funding Commitment to Strengthen Liquidity and Advance Business Development." The filing references an Indenture and First Supplemental Indenture dated September 19, 2025, customary legal opinion and consents from Skadden, Arps, Slate, Meagher & Flom LLP, templates for securities purchase agreements and Series A-1 convertible notes, and a press release described above. The submission is signed by the company's Chief Financial Officer, Daxue Wang. The filing does not disclose the funding source, economic terms, timing, or other quantitative details beyond the stated maximum commitment.

On 4 Aug 2025, wholly-owned subsidiary Lotus Technology Innovative Ltd. (LTIL) entered a £80 million loan agreement with Lotus Cars Ltd. (LCL). The facility carries 8 % interest and must be repaid, with all accrued interest, by 31 Dec 2025 or earlier upon LTIL’s demand. The agreement is filed as Exhibit 10.1 to this Form 6-K and is automatically incorporated into Lotus Technology Inc.’s existing post-effective amendments to registration statements (File Nos. 333-279108 & 333-282217).

No balance-sheet data or earnings figures accompany the filing; the document solely discloses the inter-company financing’s key terms for investor awareness.