Lakeshore Acquisition III Corp. (LCCC) investors disclose small ownership positions in 13G/A

Rhea-AI Filing Summary

Lakeshore Acquisition III Corp. received an updated ownership report from a group of institutional investors and advisers, led by Westchester Capital Management, LLC. Westchester Capital Management reports beneficial ownership of 190,743 ordinary shares, representing 2.14% of the company’s 8,905,000 shares outstanding as of April 23, 2026.

Westchester Capital Partners, LLC reports 1,960 shares (0.02%), Virtus Investment Advisers, LLC reports 175,246 shares (1.97%), and The Merger Fund reports 157,332 shares (1.77%). The parties state they may be deemed a group under Section 13(g)(3), but expressly disclaim that they are a group or have agreed to act as one, and confirm they each own 5% or less of the class.

Key Figures

Westchester Capital Management shares: 190,743 shares Virtus Investment Advisers shares: 175,246 shares The Merger Fund shares: 157,332 shares +3 more

6 metrics

Westchester Capital Management shares 190,743 shares Beneficially owned; represents 2.14% of class based on 8,905,000 shares outstanding

Virtus Investment Advisers shares 175,246 shares Beneficially owned; represents 1.97% of class

The Merger Fund shares 157,332 shares Beneficially owned; represents 1.77% of class

Westchester Capital Partners shares 1,960 shares Beneficially owned; represents 0.02% of class

Shares outstanding 8,905,000 shares Ordinary shares outstanding as of April 23, 2026, per issuer’s Form 10-Q

Westchester ownership percentage 2.14% Westchester Capital Management, LLC percent of class

Key Terms

beneficially owned, shared voting power, dispositive power, Section 13(g)(3), +1 more

5 terms

beneficially owned financial

"Amount beneficially owned: Westchester Capital Management, LLC: 190,743"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power financial

"Shared Voting Power 175,246.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

dispositive power financial

"Sole Dispositive Power 15,497.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

Section 13(g)(3) regulatory

"may be deemed to constitute a "group" for purposes of Section 13(g)(3)"

registered investment adviser financial

"Virtus, a registered investment adviser, serves as the investment adviser"

A registered investment adviser (RIA) is a firm or individual legally registered with regulators to give personalized investment advice and manage clients' money, with a duty to put clients’ interests ahead of their own. Think of an RIA as a licensed financial guide who must disclose fees, conflicts and how they are paid; that transparency and legal duty matter to investors because it reduces the risk of hidden costs or biased recommendations.

FAQ

What stake in Lakeshore Acquisition III Corp. (LCCC) does Westchester Capital Management report?

Westchester Capital Management, LLC reports 190,743 ordinary shares of Lakeshore Acquisition III Corp., representing 2.14% of the 8,905,000 shares outstanding as of April 23, 2026, based on the issuer’s reported share count.

How many Lakeshore Acquisition III Corp. (LCCC) shares does Virtus Investment Advisers, LLC beneficially own?

Virtus Investment Advisers, LLC reports beneficial ownership of 175,246 ordinary shares of Lakeshore Acquisition III Corp., equal to 1.97% of the class, calculated using 8,905,000 shares outstanding as of April 23, 2026.

What is The Merger Fund’s ownership percentage in Lakeshore Acquisition III Corp. (LCCC)?

The Merger Fund reports holding 157,332 ordinary shares of Lakeshore Acquisition III Corp., which represents 1.77% of the outstanding ordinary shares, using the issuer’s reported total of 8,905,000 shares as of April 23, 2026.

Do the reporting persons in this Schedule 13G/A for LCCC own more than 5% of the stock?

Each reporting person states ownership of 5% or less of Lakeshore Acquisition III Corp.’s ordinary shares. Reported percentages range from 0.02% to 2.14%, all calculated against 8,905,000 shares outstanding as of April 23, 2026.

Who are the joint reporting persons on the Lakeshore Acquisition III Corp. (LCCC) Schedule 13G/A?

The joint reporting persons are Westchester Capital Management, LLC, Westchester Capital Partners, LLC, Virtus Investment Advisers, LLC, and The Merger Fund, which together report beneficial ownership interests in Lakeshore Acquisition III Corp.’s ordinary shares, while disclaiming that they form a group.

What voting and dispositive powers are reported over Lakeshore Acquisition III Corp. (LCCC) shares?

Westchester Capital Management reports 15,497 shares with sole voting and dispositive power and 175,246 shares with shared voting and dispositive power. Other reporting persons disclose varying combinations of sole and shared voting and dispositive powers over their reported holdings.

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Available on EDGAR 08/14/2026 - 11:17 AM Accepted by SEC EDGAR 08/14/2026 - 11:16 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Lakeshore Acquisition III Corp.

(Name of Issuer)

Ordinary shares, $0.0001 par value per share

(Title of Class of Securities)

G5353S103

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G5353S103

1

Names of Reporting Persons

Westchester Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 15,497.00
6	Shared Voting Power 175,246.00
7	Sole Dispositive Power 15,497.00
8	Shared Dispositive Power 175,246.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

190,743.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.14 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: * Based on 8,905,000 Shares outstanding as of April 23, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on April 23, 2026.

SCHEDULE 13G

CUSIP Number(s): G5353S103

1

Names of Reporting Persons

Westchester Capital Partners, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,960.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,960.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,960.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.02 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: * Based on 8,905,000 Shares outstanding as of April 23, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on April 23, 2026.

SCHEDULE 13G

CUSIP Number(s): G5353S103

1

Names of Reporting Persons

Virtus Investment Advisers, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 175,246.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 175,246.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

175,246.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.97 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: * Based on 8,905,000 Shares outstanding as of April 23, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on April 23, 2026. The amounts reported on this page are also included in the amounts reported by Westchester Capital Management, LLC on this Schedule 13G.

SCHEDULE 13G

CUSIP Number(s): G5353S103

1

Names of Reporting Persons

The Merger Fund

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MASSACHUSETTS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 157,332.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 157,332.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

157,332.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.77 %

12

Type of Reporting Person (See Instructions)

IV

Comment for Type of Reporting Person: * Based on 8,905,000 Shares outstanding as of April 23, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on April 23, 2026. The amounts reported on this page are also included in the amounts reported by Virtus Investment Advisers, LLC on this Schedule 13G.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Lakeshore Acquisition III Corp.
(b)	Address of issuer's principal executive offices: 667 Madison Avenue, New York, NY, 10065
Item 2.
(a)	Name of person filing: This statement is being filed jointly by the following (each, a "Reporting Person," and collectively, the "Reporting Persons"): Westchester Capital Management, LLC ("Westchester"), a Delaware limited liability company, Westchester Capital Partners, LLC ("WCP"), a Delaware limited liability company, Virtus Investment Advisers, LLC ("Virtus"), a Delaware limited liability company, and The Merger Fund ("MF"), a Massachusetts business trust. Virtus, a registered investment adviser, serves as the investment adviser to MF, The Merger Fund VL ("MF VL"), Virtus Westchester Event-Driven Fund ("EDF") and Virtus Westchester Credit Event Fund ("CEF"). Westchester, a registered investment adviser, serves as sub-advisor to each of MF, MF VL, EDF, CEF, JNL/Westchester Capital Event Driven Fund ("JNL"), JNL Multi-Manager Alternative Fund ("JARB") and Principal Funds, Inc. - Global Multi-Strategy Fund ("PRIN"). WCP, a registered investment adviser, serves as investment adviser to Westchester Capital Master Trust ("Master Trust", together with MF, MF VL, EDF, CEF, JNL, JARB and PRIN, the "Funds"). The Funds directly hold Ordinary Shares of the Company for the benefit of the investors in those Funds. Mr. Roy Behren and Mr. Michael T. Shannon each serve as Co-Presidents of Westchester and WCP. Westchester and WCP often make acquisitions in, and dispose of, securities of an issuer on the same terms and conditions and at the same time. Based on the foregoing and the relationships described herein, these parties may be deemed to constitute a "group" for purposes of Section 13(g)(3) of the Act. The filing of this statement shall not be construed as an admission that the Reporting Persons are a group, or have agreed to act as a group.
(b)	Address or principal business office or, if none, residence: Westchester Capital Management, LLC 100 Summit Lake Drive, Valhalla, NY 10595 Westchester Capital Partners, LLC 100 Summit Lake Drive, Valhalla, NY 10595 Virtus Investment Advisers, LLC One Financial Plaza, Hartford, CT 06103 The Merger Fund 101 Munson Street, Greenfield, MA 01301-9683
(c)	Citizenship: Each of Westchester, WCP and Virtus are organized under the laws of the State of Delaware. MF is organized under the laws of the State of Massachusetts.
(d)	Title of class of securities: Ordinary shares, $0.0001 par value per share
(e)	CUSIP No.: G5353S103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Westchester Capital Management, LLC: 190,743 Westchester Capital Partners, LLC: 1,960 Virtus Investment Advisers, LLC: 175,246 The Merger Fund: 157,332
(b)	Percent of class: Westchester Capital Management, LLC: 2.14% Westchester Capital Partners, LLC: 0.02% Virtus Investment Advisers, LLC: 1.97% The Merger Fund: 1.77%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Westchester Capital Management, LLC: 15,497 Westchester Capital Partners, LLC: 1,960 Virtus Investment Advisers, LLC: 0 The Merger Fund: 0
	(ii) Shared power to vote or to direct the vote: Westchester Capital Management, LLC: 175,246 Westchester Capital Partners, LLC: 0 Virtus Investment Advisers, LLC: 175,246 The Merger Fund: 157,332
	(iii) Sole power to dispose or to direct the disposition of: Westchester Capital Management, LLC: 15,497 Westchester Capital Partners, LLC: 1,960 Virtus Investment Advisers, LLC: 0 The Merger Fund: 0
	(iv) Shared power to dispose or to direct the disposition of: Westchester Capital Management, LLC: 175,246 Westchester Capital Partners, LLC: 0 Virtus Investment Advisers, LLC: 175,246 The Merger Fund: 157,332
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Westchester Capital Management, LLC

Signature:	/s/ CaSaundra Wu
Name/Title:	CaSaundra Wu/Chief Compliance Officer
Date:	08/14/2026

Westchester Capital Partners, LLC

Signature:	/s/ CaSaundra Wu
Name/Title:	CaSaundra Wu/Chief Compliance Officer
Date:	08/14/2026

Virtus Investment Advisers, LLC

Signature:	/s/ James Sena
Name/Title:	James Sena/Chief Compliance Officer
Date:	08/14/2026

The Merger Fund

Signature:	/s/ Daphne Chisolm
Name/Title:	Daphne Chisolm/Vice President, Counsel and Assistant Secretary
Date:	08/14/2026