Lake Superior Acquisition Corp. closes SPAC IPO of 11.5M units at $10, gross $115M; trust funded

Lake Superior Acquisition Corp

Closed IPO of 11,500,000 units (incl. full over-allotment) at $10/unit, each consisting of one Class A share and 1/7 right.
Gross proceeds of $115,000,000 from IPO and $3,600,000 from private placement of 360,000 units to sponsor and CCM.
Total of $115,000,000 deposited into trust account for public shareholders as of October 9, 2025.
Agreements effective include underwriting, rights, trust, registration rights, and indemnity; sponsor and insiders subject to lock-up and voting commitments.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.95

Lake Superior Acquisition Corp issued 360,000 private units of unit to Sponsor and CCM for $10.00 per Private Unit, generating total gross proceeds of $3,600,000.

Security: unit
Shares: 360,000 private units
Purchaser: Sponsor and CCM
Consideration: $10.00 per Private Unit, generating total gross proceeds of $3,600,000

Exact text from the filing

Simultaneously with the closing of the IPO, the Company consummated the private placement (“Private Placement”) with the Sponsor and CCM, of an aggregate of 360,000 private units (the “Private Units”) at a price of $10.00 per Private Unit, generating total gross proceeds of $3,600,000.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Lake Superior Acquisition Corp: Filed amended and restated memorandum and articles of association in connection with IPO (effective 2025-10-06).

Change: charter amendment
Effective: 2025-10-06

Exact text from the filing

On October 6, 2025, in connection with the IPO, the Company filed its Amended and Restated Memorandum and Articles of Association, as described in the Registration Statement, with the Registry of Corporate Affairs of British Virgin Islands.

View on SEC.gov

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Lake Superior Acquisition Corp filing history →

Source: SEC EDGAR

accession 0001477932-25-007478

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