Lakeshore Acquisition II Corp. announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “LBBBU” Wednesday, March 9.
The new SPAC’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region with the exception of a company that is headquartered in China, Hong Kong, or Macau. Lakeshore II is led by CEO, CFO, and Chairman Nominee Bill Chen.
Total SPAC deal count for 2022 year-to-date is now 49. This offering is expected to close on Friday, March 11.
Network 1 Financial Securities, Inc. is acting as sole book-running manager for the offering. Maxim Group LLC acted as an underwriter and financial advisor in connection with the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Ortoli Rosenstadt LLP serving as Underwriter’s Counsel. UHY LLP serves as an auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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