M&A Advisory
K&L Gates
Full Credential Description
K&L Gates acted as underwriter counsel to A.G.P./Alliance Global Partners in the initial public offering (IPO) of Lakeshore Acquisition III, a blank check company formed by Shanghai Renaissance Investment Management. The IPO raised US$69 million by offering 6.9 million units at US$10 each, with each unit comprising one ordinary share and a right to receive one-sixth of an ordinary share upon the completion of a business combination. The offering included the full exercise of the underwriters' over-allotment option for an additional 900,000 units, which are listed on Nasdaq under the ticker symbol “LCCCU”. The tailored solution provided by K&L Gates involved leveraging their extensive experience in navigating the complexities of the current market environment, where private companies are increasingly interested in de-SPAC transactions as a means to access public markets. The Corporate deal team, led by Shanghai partner Max Gu and New York partner Robert Matlin, was instrumental in structuring and facilitating this IPO, ensuring compliance with regulatory requirements and optimizing the offering process. As a result of this strategic legal support, Lakeshore Acquisition III successfully positioned itself to attract investment and pursue potential business combinations across various industries in the Americas, Europe, and Asia. This IPO not only provided the company with significant capital but also enhanced its visibility and credibility in the financial markets, enabling it to explore diverse opportunities for growth and expansion.
Measurable Results
Successfully completed $69M transaction