Lakeshore Acquisition I Corp.
LAAAU
NASDAQ Capital Market10.75
USD
- -
- -
CIK
0001848000
Return %
Stock
S&P500
1Y
7.61
18.21
3Y
7.50
64.38
5Y
7.50
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Deyin Chen
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 555 Shihui Road Shanghai People's Republic of China 201100
- IPO Date
- Jun 11, 2021
- CIK
- 0001848000
- Similar Companies
- Business
- Lakeshore Acquisition I Corp. Lakeshore Acquisition I Corp. is a blank check company, or special purpose acquisition company (SPAC), incorporated in the Cayman Islands in 2021 and headquartered in Shanghai, China. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities, primarily targeting opportunities in North America, South America, Europe, or Asia without limitation to a specific industry. It has no significant operations or products of its own prior to completing an initial business combination; instead, it holds cash proceeds from its initial public offering in trust for deployment into a target entity. In June 2021, Lakeshore Acquisition I Corp. completed a $50 million initial public offering on Nasdaq under the ticker LAAAU, issuing 5 million units at $10 each, with each unit consisting of one ordinary share and three-quarters of a redeemable warrant exercisable at $11.50 per share; underwriters were granted a 45-day option for up to 750,000 additional units. In May 2022, it entered a definitive business combination agreement with ProSomnus Holdings, Inc., a developer of precision oral appliance therapy devices for obstructive sleep apnea; shareholders approved the transaction in December 2022, with closing occurring on December 6, 2022, after which the combined entity rebranded as ProSomnus, Inc. and began trading under the symbols OSA and OSAW on Nasdaq, while LAAAU units were delisted around December 7, 2022. Recent trading data as of September 2025 shows LAAAU units at $10.75, reflecting residual redeemable units post-merger, supported by non-redemption agreements and additional $30 million convertible debt financing from Cohanzick Management and CrossingBridge Advisors to meet cash conditions.