WUXI, China - LOBO EV Technologies in talks with Strattners for $10m facility

WUXI, China - LOBO EV Technologies Ltd. (NASDAQ:LOBO) announced Monday it is in advanced negotiations with Strattners regarding a potential equity financing facility that would provide the company with access to up to $10 million in capital over a three-year period. The financing could provide crucial support for the company, which InvestingPro data shows has been quickly burning through cash, with its stock trading near 52-week lows at $0.45.

According to the company’s statement, the proposed agreement would allow LOBO to issue and sell ordinary shares to Strattners at its discretion, subject to certain conditions. The equity facility would not contain a volume-weighted average price mechanism or any volume-based pricing formula.

Strattners, described as a financial group with historical roots dating back to 17th-century Austria, has expressed interest in becoming a long-term strategic partner and cornerstone investor for LOBO.

If finalized, LOBO intends to use any proceeds from the facility for general corporate purposes, which may include working capital, capital expenditures, product development, and expansion initiatives. The company emphasized there is no obligation to issue shares under the facility, and any issuance would be made based on capital requirements and market conditions.

LOBO EV Technologies designs, develops, manufactures, and sells electric vehicles including e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles. The company also works in AI-powered multimedia interactive systems and is expanding into medical technology manufacturing.

The announcement was made in a press release statement issued by the company.

In other recent news, Lobo EV Technologies Ltd. announced it has signed a letter of intent with Texas-based Asia Pacific Opportunity Zone (APOZ) to establish a U.S. manufacturing presence. This strategic partnership aims to mitigate the impact of U.S.-China tariff tensions by setting up operations within the United States. Additionally, Lobo EV Technologies has unveiled its second-generation multi-functional robotic platform, designed to perform tasks such as home maintenance and emergency services. The platform can be customized for various uses, including as an autonomous lawn mower and a security patrol unit.

In other developments, Lobo EV Technologies is facing a potential delisting from the Nasdaq Stock Market due to not meeting the minimum bid price requirement. The company has until November 10, 2025, to comply with the rule by ensuring its stock price closes at or above $1.00 for at least ten consecutive business days. Furthermore, the company has scheduled its Annual General Meeting of Shareholders for August 6, 2025, in Wuxi, Jiangsu, China. Shareholders of record as of July 3, 2025, will be eligible to vote on matters that will be outlined in the formal notice and proxy statement.

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