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Lakeshore I (LAAA) to Combine with ProSomnus in $168M Deal

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Lakeshore I (LAAA) to Combine with ProSomnus in $168M Deal

Lakeshore Acquisition I Corp. (NASDAQ:LAAA) has entered into a definitive agreement to combine with medical device company ProSomnus at an enterprise value of $168 million, or approximately 4.3x projected FY 2023 revenue of $38 – 40 million, at the midpoint. Pleasanton, California-based ProSomnus customizes oral appliance therapy devices to treat obstructive sleep apnea. Precision oral appliance therapy is
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