StockWatch
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Pharmaceutical Preparations
MergerMay 28, 2026, 09:32 AM

LakeShore Biopharma to Hold EGM for Merger Approval on June 19

AI Summary

LakeShore Biopharma Co., Ltd. announced an Extraordinary General Meeting (EGM) of shareholders to be held on June 19, 2026. Shareholders will vote on the previously announced Agreement and Plan of Merger, which, if approved, will result in the company becoming a privately held entity. Consequently, its ordinary shares and warrants will be delisted from public markets, including the OTC Pink tier, and cease to be registered under the Securities Exchange Act of 1934. The board of directors, based on a special committee's recommendation, unanimously approved the merger and recommends shareholders vote "FOR" the proposal.

Key Highlights

  • LakeShore Biopharma to hold an Extraordinary General Meeting (EGM) on June 19, 2026.
  • Shareholders will vote on the Agreement and Plan of Merger, as amended April 29, 2026.
  • The merger will result in the company becoming a privately held subsidiary of Oceanpine Skyline Inc.
  • Company shares and warrants will be delisted from public markets, including OTC Pink.
  • The board of directors unanimously recommends shareholders vote "FOR" the merger proposal.
  • Record date for EGM voting is May 27, 2026, at 5:00 p.m. Cayman Islands time.