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Lake Superior Acquisition Corp (NASDAQ: LKSPU) closed its initial public offering of 11,500,000 units at $10.00 per unit on October 8, 2025, including full exercise of the underwriters' overallotment option.
$115,000,000 of proceeds (equivalent to $10.00 per public unit) were placed in the company's trust account. Each unit comprises one Class A ordinary share and one-seventh of a right; whole rights convert to one Class A share upon consummation of an initial business combination. Units began trading on Nasdaq under LKSPU on October 7, 2025; separate trading for Class A shares and rights will use LKSP and LKSPR.
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