Etika Automotive Discloses 27.8% Stake in Lotus Technology Following Put Option Settlement
LOT is trading near its 52-week low of $1 (8.0% above the low).
Summary
Etika Automotive Sdn Bhd has become a major shareholder in Lotus Technology Inc., disclosing a 27.8% stake acquired through a put option settlement as part of an internal ownership restructuring.
Key Events · Ownership and Investor Activity · LOT
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Major Shareholder Disclosure
Etika Automotive Sdn Bhd reported beneficial ownership of 179,754,096 Ordinary Shares, representing 27.8% of Lotus Technology Inc.'s outstanding shares.
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Put Option Settlement
The significant stake was acquired on June 10, 2026, through the settlement of a put option agreement, where Etika received 23,517,767 shares from Lotus Group International Limited.
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Internal Ownership Restructuring
This transaction is part of a broader internal restructuring of ownership within the Geely group, clarifying the direct holdings of a key related party.
Analysis · LOT · Manufacturing
Etika Automotive Sdn Bhd, an investment holding company with automotive-related business, has disclosed a significant beneficial ownership of 27.8% in Lotus Technology Inc. This stake, totaling 179,754,096 ordinary shares, resulted from the settlement of a put option agreement where Etika received 23,517,767 shares from Lotus Group International Limited on June 10, 2026. This transaction is part of an internal restructuring of ownership within the broader Geely ecosystem, clarifying the direct ownership structure of a major shareholder.
At the time of this filing, LOT was trading at $1.08 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $691.9M. The 52-week trading range was $1.00 to $2.75. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.