Blank check company Lakeshore Acquisition II Corp. (the “Company”), led by Chairman and CEO Bill Chen, priced its initial public offering of 6,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one ordinary share of the Company, one-half of one redeemable warrant, and one right to receive 1\/10 of one ordinary share. Each whole warrant will entitle the holder thereof to purchase one ordinary share at $11.50 per share.<\/p>\n\n\n\n
The units began trading on the Nasdaq Global Market (“NASDAQ”) under the ticker symbol “LBBBU” on Wednesday, March 9, 2022.<\/p>\n\n\n\n
Once the securities comprising the units begin separate trading, the ordinary shares, the warrants and the rights are expected to be traded on the NASDAQ under the symbols “LBBB”, “LBBBW” and “LBBBR,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The offering is expected to close on Friday, March 11, 2022, subject to customary closing conditions.<\/p>\n\n\n\n
Network 1 Financial Securities, Inc. acted as sole book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to 900,000 additional units at the initial public offering price to cover over-allotments, if any.<\/p>\n\n\n\n
A registration statement relating to the securities sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on March 8, 2022. The offering is being made only by means of a prospectus forming a part of the effective registration statement. When available, copies of the prospectus relating to this offering may be obtained by contacting Network 1 Financial Securities, Inc., 2 Bridge Avenue Suite241, Red Bank, NJ 07701, Attention Karen Mu, email kmu@netw1.com<\/a> or by calling +1(800)886-7007.<\/p>\n","protected":false},"excerpt":{"rendered":" Blank check company Lakeshore Acquisition II Corp. (the “Company”), led by Chairman and CEO\u00a0Bill Chen, priced its initial public offering of 6,000,000 units at an offering price of\u00a0$10.00\u00a0per unit.<\/p>\n","protected":false},"author":3,"featured_media":4253,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":""},"categories":[44],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.meigutv.com\/en\/wp-json\/wp\/v2\/posts\/4241"}],"collection":[{"href":"https:\/\/www.meigutv.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meigutv.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meigutv.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meigutv.com\/en\/wp-json\/wp\/v2\/comments?post=4241"}],"version-history":[{"count":2,"href":"https:\/\/www.meigutv.com\/en\/wp-json\/wp\/v2\/posts\/4241\/revisions"}],"predecessor-version":[{"id":4250,"href":"https:\/\/www.meigutv.com\/en\/wp-json\/wp\/v2\/posts\/4241\/revisions\/4250"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meigutv.com\/en\/wp-json\/wp\/v2\/media\/4253"}],"wp:attachment":[{"href":"https:\/\/www.meigutv.com\/en\/wp-json\/wp\/v2\/media?parent=4241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meigutv.com\/en\/wp-json\/wp\/v2\/categories?post=4241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meigutv.com\/en\/wp-json\/wp\/v2\/tags?post=4241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}