Lakeside (LSH) secures up to $4.5M convertible note financing with 7% OID and warrants

Lakeside Holding Ltd

First tranche closed: $1M note and warrants for 318,827 shares at $1.9098, net proceeds $930k.
Notes convertible at $1.9098 (floor $0.234), mature June 5, 2026; 40% warrant coverage.
Monthly amortization payments of 105% of principal start 60 days post-closing or when S-1 is effective.
Proceeds used for working capital; secured by all assets of Lakeside and subsidiary American Bear Logistics.
Registration rights agreement requires filing within 20 days; beneficial ownership capped at 9.99%.

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