secwatch.observer — SEC 8-K summary
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Issuer:     Lakeshore Acquisition II Corp. (—)
CIK:        0001867287
Form:       8-K
Filed at:   2023-03-15T23:59:59+00:00
Accession:  0001213900-23-020322
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lakeshore Acquisition II Corp. obtains $250,000 loan to fund merger extension to June 11, 2023
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- Loan of $250,000 from unnamed lender to extend business combination completion deadline to June 11, 2023.
- Loan is non-interest bearing, but accrues LIBOR interest if not repaid by maturity date of July 11, 2023.
- Loan secured by 1,725,000 ordinary shares of SPAC held by Sponsor (RedOne Investment Limited).
- Lender receives 25,000 shares of post-merger company with registration rights; repayment guaranteed by Nature's Miracle and RedOne.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867287/000121390023020322/0001213900-23-020322-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867287/000121390023020322/ea175165-8k425_lakeacq2.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-020322

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