LOBO EV Technologies Secures Strategic Investment with Strattners
LOBO EV Technologies Ltd. and Strattners Forge Partnership
WUXI, China — LOBO EV Technologies Ltd. (Nasdaq: LOBO) is making strides in expanding its investment opportunities by entering advanced discussions with Strattners, a prominent financial group with a rich history dating back to the 17th century in Austria. This potential partnership focuses on establishing an equity financing facility that could significantly bolster LOBO’s growth initiatives.
Strategic Investment and Long-term Vision
Strattners has a reputation for its innovative approach to investment and merchant banking, positioning itself as a strong ally for LOBO. The financial group has shown confidence in LOBO's long-term potential, aspiring to become a cornerstone investor that can effectively support the company’s vision of growth and expansion.
Through this partnership, LOBO is poised to access a significant capital infusion of up to $10 million over the next three years, providing the financial leeway necessary to enhance its operational and developmental capabilities.
Equity Financing Structure
The terms of the agreement grant LOBO the flexibility to issue and sell ordinary shares to Strattners periodically. This arrangement allows the Company to manage its capital structure prudently while ensuring it can secure funding when necessary. Importantly, this equity facility operates without a volume-weighted average price (VWAP) mechanism or any price-based volume restrictions, offering LOBO considerable freedom in financial planning.
Utilizing Capital for Growth
LOBO intends to capitalize on the proceeds from any shares issued under this facility to fund a variety of corporate purposes. Key areas of focus include working capital enhancements, product development, capital expenditures, and initiatives aimed at broader market expansion.
The Company retains full discretion on share issuance, ensuring that any capital raise is judiciously timed to align with its market assessments and strategic needs. Strattners is committed to synchronizing its support with LOBO’s evolving financing requirements, reinforcing its role as a reliable partner committed to long-term growth.
About LOBO EV Technologies Ltd.
LOBO EV Technologies Ltd. (Nasdaq: LOBO) is at the forefront of innovation in the mobility sector. The Company designs, develops, and manufactures a range of electric vehicles, including e-bicycles, e-mopeds, e-tricycles, and electric four-wheeled shuttles. Additionally, LOBO is dedicated to advancing AI-powered multimedia interactive systems and is exploring manufacturing opportunities within the medical technology space. Through the integration of cutting-edge AI, connectivity, and automation technologies, LOBO is committed to delivering efficient, secure mobility and healthcare solutions that cater to modern needs.
Contact Information
For further inquiries, please reach out to Zane Xu, IR Manager at LOBO EV Technologies Ltd. via email at ir@loboai.com.
Frequently Asked Questions
What is the main purpose of the partnership between LOBO and Strattners?
The partnership aims to secure up to $10 million in equity financing to support LOBO's growth and expansion initiatives over the next three years.
How does LOBO intend to utilize the funds from the investment?
LOBO plans to use the investment for working capital, capital expenditures, product development, and market expansion efforts.
What makes Strattners a suitable partner for LOBO?
Strattners has a rich financial heritage and a proven track record in innovative investment approaches, making it an ideal strategic partner for LOBO's long-term vision.
Are there any limitations on share issuance under this partnership?
While LOBO has discretion over share issuance, the agreement does not include any volume-weighted average price mechanism or limitations based on volume pricing, offering considerable flexibility.
What is LOBO EV Technologies known for?
LOBO is recognized for its innovative range of electric vehicles and for integrating AI into its products, enhancing mobility and healthcare solutions.
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