Here are the 10-Q quarterly reports from Lakeshore Acquisition III Corp. (LCCC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow LCCC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LCCC filings page.
Lakeshore Acquisition III Corp. (LCCC) reported a proposed business combination under which CPRO’s existing shareholders would receive $185 million in newly issued Purchaser ordinary shares valued at $10 per share. The price adjusts downward dollar-for-dollar for CPRO group indebtedness above $26 million at closing. Four monthly extension payments moved the combination deadline to December 1, 2026. At the September 2026 shareholder vote, 5,082,213 shares were redeemed for $53,225,641; the Trust Account held $19,458,072 as of September 30, 2026.
For the three months ended September 30, 2026, net income was $281,287 versus $486,792 a year earlier; nine-month net income was $1,130,239 versus $668,571. The company reported no operating revenue; its income included Trust Account interest, offset by expenses.
Cash outside the Trust Account was $176,425 and working capital was $197,675 as of September 30, 2026. The company said these conditions and ongoing acquisition costs raised substantial doubt about its ability to continue as a going concern; it also said failure to complete a business combination within the required period would lead to liquidation.
Lakeshore Acquisition III Corp., a Cayman Islands SPAC, reported Q2 2026 net income of $339,107 and first-half net income of $848,952, driven by $626,475 and $1,244,964 of interest on $72,102,981 of marketable securities held in its Trust Account.
Operating costs remain modest, with formation, general and administrative expenses of $287,368 for the quarter and $396,012 year-to-date, funded by $252,080 of cash held outside the Trust Account at June 30, 2026. Ordinary shares subject to possible redemption total 6,900,000 at a redemption value of about $10.45 per share, resulting in a shareholders’ deficit of $2,120,420.
The company signed a Merger Agreement to acquire CPRO Electronic Holding Limited for an all-stock Base Purchase Price of $185,000,000 at $10.00 per share, adjustable downward if CPRO’s debt exceeds $26,000,000. Shareholders later approved a month-to-month extension of the business-combination deadline to August 1, 2027, with CPRO Korea funding the first $67,500 extension and 5,082,213 public shares redeemed. Management states that limited working capital, ongoing transaction costs, and the finite combination window raise substantial doubt about the ability to continue as a going concern if a business combination is not completed.
Lakeshore Acquisition III Corp. reported net income of $509,845 for the three months ended March 31, 2026, driven by $618,489 of interest income on U.S. Treasury investments in its SPAC trust, offset by $108,644 of formation, general and administrative expenses.
Total assets were $72.1 million, including $71.5 million of marketable securities in the trust account and $590,198 of cash outside the trust for working capital. The company has 6,900,000 ordinary shares subject to redemption and 2,005,000 non-redeemable ordinary shares outstanding.
Management discloses that limited cash, ongoing costs to pursue a business combination, and the requirement to complete a deal within 15 months of the May 1, 2025 IPO raise substantial doubt about the company’s ability to continue as a going concern. If no business combination is completed in time, the SPAC must redeem public shares and liquidate.
Lakeshore Acquisition III Corp. filed its quarterly report for the period ended September 30, 2025, reflecting its first post-IPO quarter as a SPAC. The company completed an IPO of 6,900,000 units at $10.00 per unit and placed $69,000,000 in a trust account; the trust balance was $70,184,641 at quarter end, driven by interest income. Net income was $486,792 for the quarter and $668,571 year-to-date, primarily from $1,184,641 of interest earned on trust investments.
Cash held outside the trust was $816,656 for working capital. Public shares subject to possible redemption totaled 6,900,000 at a redemption value of approximately $10.17 per share. Deferred underwriting fees are $2,415,000 (to be settled in ordinary shares upon a business combination). Management disclosed substantial doubt about the company’s ability to continue as a going concern if it does not complete a business combination within 15 months from the IPO. As of October 28, 2025, 8,905,000 ordinary shares were issued and outstanding.