debt
confidence high
sentiment neutral
materiality 0.30
Lakeshore Acquisition II Corp.: debt financing — Lakeshore Acquisition II extends business combination deadline to Dec 11, 2023 via $80K note from Nature's Miracle
Lakeshore Acquisition II Corp.
- Issued $80,000 unsecured promissory note to Nature's Miracle, non-interest bearing, matures upon closing or Dec 11, 2023.
- Proceeds deposited into trust account to extend business combination completion window to December 11, 2023.
- Lakeshore agreed to issue 2,000 shares of Class A common stock to Nature's Miracle upon closing of the business combination.
- If no business combination, note repaid only from funds outside trust account; Payee waived claims against trust account.