Lakeshore Acquisition III Corp.

Lakeshore Acquisition III Corp. is a blank check company, also known as a Special Purpose Acquisition Company (SPAC), incorporated in the Cayman Islands on October 21, 2024. The company was formed with the sole purpose of completing a business combination, such as a merger, share exchange, or asset acquisition, with one or more existing businesses or entities. While its search for a target business is not limited to a specific industry, Lakeshore Acquisition III Corp. intends to focus its efforts on identifying prospective target businesses located in North America, South America, Europe, or Asia. On May 1, 2025, the company completed its initial public offering (IPO), selling 6,900,000 units, which included the full exercise of the underwriter's over-allotment option. Each unit was priced at $10.00, resulting in gross proceeds of $69,000,000. Each unit consists of one ordinary share with a par value of $0.0001 per share and one right. This right entitles the holder to receive one-sixth (1/6) of one ordinary share upon the completion of the company's initial business combination. Concurrently with the IPO, RedOne Investment Limited, the company's sponsor, purchased 280,000 private units in a private placement at $10.00 per unit, generating gross proceeds of $2,800,000. These private units are identical to the IPO units but are subject to transfer restrictions until the initial business combination is completed.