Lake Superior Acquisition Corp. – Rights
LKSPR
NASDAQ Global Market0.93
USD
-0.17
- -
CIK
0002043508
ISIN
VGG5354C1150
CUSIP
G5354C115
Return %
Stock
S&P500
1Y
-43.63
19.01
3Y
-43.63
65.48
5Y
-43.63
72.20
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
- Cong Wang
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 521 Fifth Avenue New York NY United States of America 10175
- IPO Date
- Oct 24, 2025
- CIK
- 0002043508
- Website
- lakescorp.com
- Similar Companies
- Business
- Lake Superior Acquisition Corp. is a blank check company, or special purpose acquisition company (SPAC), formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company offers no current products or services beyond its core SPAC structure, which includes publicly traded units (LKSPU) consisting of one Class A ordinary share (LKSP) and one-seventh of one right (LKSPR); each whole right converts into one Class A ordinary share upon consummation of an initial business combination. Headquartered in New York, NY, and founded in 2024 as a British Virgin Islands exempted company, it targets opportunities across industries including energy storage, social media and consumer staples, with a focus on emerging markets and businesses featuring strong cash flow generation and growth potential. In October 2025, the company completed a $115 million initial public offering of 11.5 million units at $10.00 per unit, including the full underwriters' overallotment option, with proceeds deposited into a trust account; Cohen & Company Capital Markets acted as sole book-running manager, supported by legal advisors Loeb & Loeb LLP and Morgan, Lewis & Bockius LLP. Concurrently, it conducted a $3.6 million private placement of 360,000 units to its sponsor and Cohen & Company Capital Markets, providing additional working capital ahead of a business combination search with an 18-month tenor. Led by CEO and Chairman Edward Cong Wang, with CFO Ziqi Zhao and independent directors Raymond J. Gibbs, Manuel C. Menendez III and Stephen Yas, the company lists on Nasdaq and maintains a broad geographic focus leveraging management's global networks.