Lakeshore Acquisition II priced its initial public offering of 6 million units at $10 each, with each unit consisting of one ordinary share, half a warrant, and one right to receive one-teneth of a share.
The units begin trading today on the Nasdaq under the ticker symbol LBBBU. After the securities begin separate trading, shares, warrants and rights are expected to list under the symbols LBBB, LBBBW and LBBBR, respectively.
The offering is expected to close March 11.
Led by Chairman and CEO Bill Chen, the SPAC has not specified any particular sector to target, saying only in SEC filings that it would not do a deal with companies in China, Hong Kong or Macau.
Network 1 Financial Securities is sole book-running manager for the offering. Maxim is an underwriter and financial advisor. Read more.
