Lakeshore Acquisition III Corp closes $69M IPO; $71.8M deposited in trust

Lakeshore Acquisition III Corp.

IPO of 6.9M units at $10/unit, including full over-allotment; gross proceeds $69M.
Each unit consists of one ordinary share and one right to receive 1/6 share upon business combination.
Sponsor purchased 280,000 private units for $2.8M; total trust deposit $69M from IPO and private placement.
Units trade on Nasdaq under LCCCU; shares (LCCC) and rights (LCCCR) to trade separately.
Underwriters: A.G.P./Alliance Global Partners (book-runner) and Benchmark Company (co-manager).

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