M&A Advisory
K&L Gates
Full Credential Description
K&L Gates acted as underwriter counsel to A.G.P./Alliance Global Partners, a US wealth management and financial firm, in the initial public offering (IPO) of Lakeshore Acquisition III. This SPAC, led by the CEO of Shanghai Renaissance Investment Management, successfully raised US$69 million by offering 6.9 million units at US$10 each. Each unit comprises 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, with the units listed on Nasdaq under the ticker symbol “LCCCU”. The tailored solution provided by K&L Gates involved leveraging their extensive corporate practice, which is one of the largest in the legal industry, to navigate the complexities of the IPO process in a challenging market environment. The firm’s global Corporate team, led by Shanghai partner Max Gu and New York partner Robert Matlin, was well-positioned to assist A.G.P. in exploring fundraising options, particularly as private companies increasingly consider de-SPACs as a viable route to access public markets. The successful IPO not only facilitated Lakeshore Acquisition III's entry into the public market but also positioned it to target prospective businesses across various industries in the Americas, Europe, and Asia, thereby enhancing its strategic growth opportunities.
Measurable Results
Successfully completed $69M transaction