other material
confidence high
sentiment neutral
materiality 0.50
Lakeshore Acquisition II Corp.: debt financing — Lakeshore Acquisition II extends business combination deadline to March 11, 2024 via $20K note to Nature's Miracle
Lakeshore Acquisition II Corp.
- Issued $20,000 unsecured promissory note to Nature's Miracle, no interest, matures at earlier of business combination close or March 11, 2024.
- Proceeds deposited in trust account to extend completion window by one month to March 11, 2024.
- Will issue 2,000 shares of PubCo Class A common stock to Nature's Miracle upon closing of the business combination.
- Engaged Benjamin Securities as capital markets advisor; $400,000 service fee plus $250,000 discount payment for benefit of share purchasers.