Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Lakeshore Acquisition II Corp. incurred loan of $80,000 with Nature’s Miracle at does not bear interest maturing the earlier of (i) the closing of the Company’s initial business combination and (ii) December 11, 2023.
- Instrument
- loan
- Principal
- $80,000
- Counterparty
- Nature’s Miracle
- Rate
- does not bear interest
- Maturity
- the earlier of (i) the closing of the Company’s initial business combination and (ii) December 11, 2023
- Event
- incurrence
Exact text from the filing
On July 7, 2023, Lakeshore Acquisition II Corp., a Cayman Islands exempted company (the “Company” or “Lakeshore”) issued an unsecured promissory note dated July 7, 2023, in the aggregate principal amount of $80,000 (the “Note”) to Nature’s Miracle, the counterparty to the previously announced Merger Agreement, dated September 9, 2022, by and between Lakeshore, Merger Sub, Nature’s Miracle, and the other parties thereto (as amended to date, the “Merger Agreement”), pursuant to which a proposed business combination (the “Business Combination”) would occur in which Lakeshore will reincorporate to the State of Delaware by merging with and into LBBB Merger Corp., a Delaware corporation and wholly-owned subsidiary of Lakeshore (“PubCo”), Merger Sub would merge into Nature’s Miracle, and Nature’s Miracle would become a wholly-owned subsidiary of PubCo.
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