By Stephen Nakrosis
Blank check company Lakeshore Acquisition III Corp. filed for a $60 million initial public offering on Friday with the U.S. Securities and Exchange Commission.
The company said it intends to focus its search for a prospective target business in North America, South America, Europe, or Asia, and added its efforts won't be limited to a particular industry.
Lakeshore Acquisition III said members of its management team and board have prior experience with special purpose acquisition companies, including Chief Executive Officer and Chief Financial Officer Deyin Chen, who served as CEO and director for Lakeshore Acquisition I Corp. and CEO and CFO for Lakeshore Acquisition II Corp. Both those blank check companies later went on to carry out business combinations.
Director H. David Sherman, who was an Academic Fellow at the U.S. Securities and Exchange Commission, served on the board of Lakeshore Acquisition I and II, the company added.
Jon Montgomery, who is slated to become an independent director of the company, is managing director at Meredith Financial Group and served on the board of Lakeshore Acquisition II.
The company said it intends to apply to list its units on the Nasdaq Global Market under the symbol LCCCU.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 04, 2025 17:11 ET (21:11 GMT)
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