Lakeshore Acquisition II Corp.: debt financing — Lakeshore Acquisition II Corp. extends business combination deadline via $80,000 promissory note from Nature's Miracle

Lakeshore Acquisition II Corp.

Issued $80,000 unsecured promissory note to Nature's Miracle on August 10, 2023, non-interest bearing.
Note matures upon business combination or by December 11, 2023; proceeds extend deadline to September 11, 2023.
Consideration includes 2,000 shares of PubCo Class A common stock to be issued to Nature's Miracle post-closing.
If no business combination, note repaid only from funds remaining outside the trust account.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

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 upon 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: upon 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 August 10, 2023, Lakeshore Acquisition II Corp., a Cayman Islands exempted company (the "Company" or "Lakeshore") issued an unsecured promissory note dated August 10, 2023, in the aggregate principal amount of $80,000 (the "Note") to Nature's Miracle, the counterparty to the previously announced Merger Agreement

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Source: SEC EDGAR

accession 0001213900-23-065617

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