Lakeshore Acquisition III Corp.

Lakeshore Acquisition III Corp. announced that it has received approval from the Nasdaq Listing Qualifications Department to transfer the listing of its units, ordinary shares, and rights from the Nasdaq Global Market to the Nasdaq Capital Market. This transfer will be effective at the opening of business on September 24, 2026. The trading symbols for the units, ordinary shares, and rights will remain "LCCCU", "LCCC", and "LCCCR", respectively. The Nasdaq Capital Market has similar requirements to the Nasdaq Global Market, including financial and corporate governance standards.

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.

Lakeshore Acquisition III Corp. shareholders approved proposals at an extraordinary general meeting to extend the deadline for completing a business combination. The company's charter was amended to allow extensions up to August 1, 2027, and the trust agreement was modified to permit monthly extensions by depositing $67,500. Following these approvals and a $67,500 payment from CPRO Electronics Co. Ltd., the company extended its business combination deadline by one month, from August 1, 2026, to September 1, 2026. However, 5,082,213 shares were tendered for redemption.

Lakeshore Acquisition III Corp. (LCCC) will hold an Extraordinary General Meeting on July 27, 2026, to seek shareholder approval for extending its business combination deadline. The company proposes to amend its charter and trust agreement to extend the deadline from August 1, 2026, to August 1, 2027, to allow more time to complete its merger with CPRO Electronics Holding Limited. Shareholders will also vote on an Adjournment Proposal if needed, and public shareholders have the option to redeem their shares at approximately $10.44 per share.

Lakeshore Acquisition III Corp. has entered into a definitive business combination agreement with CPRO Electronics Holding Limited, a leader in the physical AI security industry. The transaction, expected to close in Q4 2026, will result in CPRO becoming a publicly listed company on a U.S. national securities exchange under the name "CPRO Holding Limited." The implied pro-forma enterprise value of the combined company is approximately $326 million, assuming no redemptions.

Lakeshore Acquisition III Corp. filed its Form 10-Q for the quarterly period ended March 31, 2026. The report includes unaudited condensed financial statements, management's discussion and analysis of financial condition, and other required disclosures. As of April 23, 2026, the company had 8,905,000 ordinary shares issued and outstanding.