Lakeshore Acquisition III Corp Unit(LCCCU) - 2025 Q1 - Quarterly Report

Financial Performance - The company had a net loss of $34,688 for the three months ended March 31, 2025, with no revenue generated during this period [104]. IPO and Fundraising - The company completed an IPO on May 1, 2025, raising gross proceeds of $69,000,000 from the sale of 6,900,000 Public Units at $10.00 each [101]. - An additional $2,800,000 was raised through the sale of 280,000 Private Units at $10.00 each in a private placement [101]. - A total of $69,000,000 was placed in a Trust Account with Wilmington Trust, while $1,221,788 was held outside the Trust Account for working capital [103]. - The company incurred offering costs of $3,934,900, which included $1,035,000 in underwriting commissions [102]. - The deferred underwriting commission amounts to $2,415,000, which will be paid in the form of shares upon the consummation of the initial business combination [118]. Cash and Assets - As of March 31, 2025, the company had $35,338 in cash and deferred offering costs of $250,850 [106]. - The company anticipates generating non-operating income from interest on cash and cash equivalents derived from the IPO proceeds [105]. - The company expects to utilize funds for evaluating prospective business combination candidates and related expenses [110]. Liabilities and Obligations - The company has no obligations or liabilities considered off-balance sheet arrangements as of March 31, 2025 [117].