MergerAug 6, 2026, 06:11 AM
LCCC to Merge with CPRO Electronic Holding; Deadline Extended
AI Summary
Lakeshore Acquisition III Corp. (LCCC) announced a merger agreement to acquire CPRO Electronic Holding Limited for a base purchase price of $185,000,000, to be paid in stock. Shareholders approved an extension of the business combination deadline to August 1, 2027, with CPRO Korea making an initial $67,500 payment to the Trust Account for a one-month extension. For the six months ended June 30, 2026, the company reported a net income of $848,952, with $72,102,981 in marketable securities held in its Trust Account.
Key Highlights
- Entered merger agreement to acquire 100% of CPRO Electronic Holding Limited.
- Base Purchase Price for CPRO is $185,000,000, payable in Purchaser ordinary shares.
- Shareholders approved extension of business combination deadline to August 1, 2027.
- CPRO Korea wired $67,500 to Trust Account for one-month extension to September 1, 2026.
- Net income for six months ended June 30, 2026, was $848,952.
- Cash outside Trust Account as of June 30, 2026, was $252,080.
- Marketable securities in Trust Account totaled $72,102,981 as of June 30, 2026.
- Total Liabilities as of June 30, 2026, were $2,415,000.
Price Impact
More from LCCC