Lakeshore Acquisition I registered with the SEC to offer 5 million units at $10 each. A unit consists of one ordinary share and three-quarters of one warrant, with whole warrants exercisable at $11.50.
The new SPAC said its efforts to identify a prospective target business will not be limited to a particular industry or geographic location.
Lakeshore is led by CEO and Chairman Deyin (Bill) Chen, who has been an independent advisor for merger and acquisition and equity transactions since August 2015. Since February 2020, he has served as a special advisor for Newborn Acquisition.
The SPAC has applied for a Nasdaq listing under LAAAU. Read more.
