debt
confidence high
sentiment neutral
materiality 0.30
Lakeshore Acquisition II Corp.: debt financing — Lakeshore Acquisition II issues $20K note to extend business combination deadline to Feb 11, 2024
Lakeshore Acquisition II Corp.
- Issued $20,000 unsecured promissory note to Nature's Miracle to extend business combination window to February 11, 2024.
- Note matures upon closing of business combination or March 11, 2024, with no interest.
- Lakeshore agreed to issue 2,000 shares of PubCo Class A common stock to Nature's Miracle after closing.
- Proceeds deposited into trust account; further one-month extensions possible at $20,000 each.