Zeekr enters strategic integration transactions inside Geely group

Zeekr (ZK) announced that it entered into strategic integration transactions with certain entities inside Geely group that was previously announced in the Form 6-K filed with the SEC on November 14, 2024. The strategic integration transactions include Lynk & Co Acquisition and Lynk & Co Capital Injection. Zhejiang Zeekr Intelligent Technology acquired 30% equity interest of Lynk & Co from Volvo Car Investment and 20% from Geely Holding at purchase prices of $740M and $493M, respectively. Zhejiang Zeekr subscribed to an increase in Lynk & Co’s registered capital for a subscription price of $50M. Following the equity transfer and capital injection, Lynk & Co is owned as to 51% by Zeekr and 49% by Ningbo Geely. The transactions were completed on February 14. The transactions are accounted for as a business combination of entities under common control. The accompanying unaudited pro forma condensed combined financial information is presented to give effect to the combination as if it were completed at the beginning of the historical periods presented.