other material
confidence high
sentiment neutral
materiality 0.60
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.