Lakeshore Acquisition II Corporation (LBBB) has released an update.
On February 6, 2024, a strategic move to secure additional time for a business merger was made by depositing $20,000 into a trust account, granting an extension until March 11, 2024. The following day, Lakeshore bolstered its financial strategy by partnering with Benjamin Securities, Inc. for capital markets advisory services, committing to a payment of $400,000 for services, a $250,000 discount for share purchasers, and covering specific expenses. This partnership underscores Lakeshore’s dedication to navigating the complexities of capital markets in anticipation of a significant business combination.
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For a comprehensive understanding of the announcement, you can read the full document here.
