S-4 Filing

The goal, the SPAC said in the filing, is to enable shareholders to redeem their investments without waiting another 12 months to do so while earning minimal interest.

The SPAC last month filed a prospectus and preliminary proxy on its proposed merger with Texas-based Nauticus Robotics.

The deal is still expected to close in the second half of 2022.

Terms call for Lakeshore to acquire ProSomnus for $125 million (including the assumption of $13 million of debt to be paid off at closing).

The SPAC said in a regulatory filing that it is in advanced negotiations with a potential acquisition target, but needs more time.

The SPAC two weeks ago announced a definitive merger agreement with UK-based Moolec Sciences.

The SPAC raised $160 million in its August 2020 IPO with the goal of acquiring a company in North America or Europe that is developing assets in the biopharma and medical technology sectors.

Benessere CEO Patrick Orlando also leads Digital World Acquisition, the SPAC that plans to merge with Donald Trump’s fledgling media company.

A shareholder vote on the SPAC's proposed acquisition of Tempo Automation, a software-accelerated electronics manufacturer, was postponed last month.

The SPAC’s sponsor is an affiliate of PAG, one of Asia’s largest private investment management groups with approximately $40 billion AUM. PAG bought 80% of the SPAC's shares at the July 2021 IPO.