K&L Gates Advised US Investment Firm A.G.P. In Lakeshore Acquisition III's IPO

K&L Gates Advised US Investment Firm A.G.P. in Lakeshore Acquisition III's IPO

K&L Gates advised A.G.P./Alliance Global Partners, a US-based wealth management and financial services firm, in connection with the initial public offering (IPO) of Lakeshore Acquisition III, a blank check company formed by the CEO of Shanghai Renaissance Investment Management. The offering raised US$69 million through the sale of 6.9 million units at US$10 each, including the full exercise of the underwriters' over-allotment option for 900,000 additional units.

Each unit comprises one ordinary share and one right to receive one-sixth of one ordinary share upon the completion of an initial business combination. The units are listed on Nasdaq under the ticker symbol “LCCCU”, with the ordinary shares and rights expected to trade separately under the symbols “LCCC” and “LCCCR”, respectively.

Lakeshore Acquisition III does not intend to limit its prospective target business to a particular industry, though it plans to focus on opportunities in the Americas, Europe, and Asia.

The K&L Gates corporate deal team was led by Max Gu (Partner, Shanghai) and Robert Matlin (Partner, New York), with support from Zidong Liu (Associate).

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