debt
confidence high
sentiment neutral
materiality 0.55
Lakeshore Acquisition II Corp.: debt financing — Lakeshore Acquisition II Corp. issues $80K promissory note to Nature's Miracle; extends deadline to Nov 11, 2023
Lakeshore Acquisition II Corp.
- $80,000 unsecured promissory note issued to Nature's Miracle, deposited into trust to extend business combination deadline to November 11, 2023.
- Note bears no interest, matures upon closing of business combination or December 11, 2023; repayment from outside trust if no deal.
- Lakeshore will issue 2,000 shares of PubCo Class A common stock to Nature's Miracle upon closing of the business combination.
- Further one-month extensions available up to December 11, 2023 by depositing an additional $80,000 each month.