05:14 PM EDT, 09/19/2024 (MT Newswires) -- Lotus Technology ( LOT ) filed a registration statement with the US Securities and Exchange Commission late Thursday covering the potential sale of up to nearly 44.5 million American depositary shares of the company from time to time by Westwood Capital Group.

The statement includes up to about 43.8 million ADSs that Lotus may elect to issue to Westwood from time to time. Lotus said it may receive up to $350 million in gross proceeds from the sale of such ADSs.

The offering also includes 700,000 ADSs that were issued to Westwood, according to the filing.

The company's shares were up 2.1% in after-hours activity.

Price: 5.20, Change: +0.11, Percent Change: +2.14