Lakeshore Acquisition I Corp. (LAAAU) Prices $50M IPO

Lakeshore Acquisition I Corp. announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “LAAAU” Friday, June 11.

The new SPAC aims to combine with a general focus that will not be limited to a particular industry or geographic location.  Lakeshore Group is led by  CEO Deyin (Bill) Chen and CFO Laura Li.

Total SPAC deal count for 2021 year-to-date is now 337. This offering is expected to close on Tuesday, June 15.

Craig-Hallum Capital Group and Roth Capital Partners are acting as the joint book-running managers of the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. UHY LLP serves as auditor.  Continental Stock Transfer & Trust Company is acting as trustee.