Feis Equities LLC and Lawrence M. Feis report a significant ownership position in Lakeshore Acquisition III Corp. They beneficially own 382,136 ordinary shares, representing 9.99% of the outstanding class, based on 3,822,787 ordinary shares outstanding as of July 27, 2026.
Both reporting persons have sole voting and sole dispositive power over the 382,136 shares, with no shared voting or dispositive power. The securities are ordinary shares with a par value of $0.0001 per share. The filing is made jointly under a joint filing agreement, with Lawrence M. Feis signing as Managing Member of Feis Equities LLC and as an individual.
Lakeshore Acquisition III Corp. extended its timeline to complete an initial business combination after shareholders approved amendments to its charter and trust agreement at a July 27, 2026 extraordinary general meeting. The new framework allows up to twelve one-month extensions from August 1, 2026 to August 1, 2027, with $67,500 deposited into the trust account for each extension.
The company filed a Second Amended and Restated Memorandum and Articles of Association, effective July 27, 2026, giving it up to 27 months from its initial public offering, or until August 1, 2027, to close a deal. Of 8,905,000 ordinary shares outstanding as of the record date, 7,295,014 were represented at the meeting, and shareholders tendered 5,082,213 ordinary shares for redemption. On July 27, 2026, CPRO Electronics Co. Ltd. wired the first $67,500 extension payment, moving the current merger deadline from August 1, 2026 to September 1, 2026.
Lakeshore Acquisition III Corp. is asking shareholders to approve changes to its charter and trust agreement to extend the deadline to complete a SPAC business combination from August 1, 2026 to August 1, 2027, using up to 12 one‑month extensions.
Each extension would require a Monthly Extension Fee of $0.033 per remaining public share, capped at $67,500 per month, paid into the trust account. The trust held about $72.1 million as of July 6, 2026, implying an estimated redemption price of roughly $10.44 per share if the period is fully extended.
Holders of public shares can elect to redeem for cash in connection with the extension vote, regardless of how they vote. If the proposals fail and no deal closes by August 1, 2026, the SPAC would redeem all public shares and liquidate, and the public rights and private placement rights would expire worthless.
CPRO Electronics Holding Limited, a physical AI security company, and Lakeshore Acquisition III Corp. agreed to a definitive business combination that will take CPRO public on a U.S. national securities exchange. The implied pro-forma enterprise value of the combined company is about $326 million, assuming no redemptions.
Under the Merger Agreement, CPRO shareholders will receive ordinary shares of the combined company valued at $185,000,000, adjusted for indebtedness as defined in the agreement. The transaction, approved by both boards, is expected to close in the fourth quarter of 2026, subject to shareholder approvals, regulatory clearances and effectiveness of a Form F-4 registration statement.
LAKESHORE ACQUISITION III CO Schedule 13G shows Barclays PLC reported beneficial ownership of 450,000 shares of Common Stock, representing 5.05% of the class as of 03/31/2026. The filing breaks down voting and dispositive authority: sole voting power of 362,000 shares and shared voting power of 88,000, with identical sole and shared dispositive powers. The filing identifies Barclays Bank PLC as the subsidiary associated with the reported holdings. The form is signed by a Barclays director on 05/14/2026.
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. is a Cayman Islands-based special purpose acquisition company that completed an IPO of 6,900,000 units at $10.00 each, raising gross proceeds of $69,000,000 and placing that amount into a trust account for a future business combination.
As of December 31, 2025, the trust account held $70,858,017, mainly in U.S. government securities and money market funds, while $756,592 of cash was available outside the trust for working capital. The company has not begun operating activities and reported 2025 net income of $1,257,633, driven by $1,858,017 of interest income and $600,384 of general and administrative expenses.
Lakeshore has until approximately 15 months from the May 1, 2025 IPO to complete an initial business combination, with public shareholders entitled to redeem their shares from the trust if a deal is not completed. Management discloses substantial doubt about the company’s ability to continue as a going concern if no transaction is closed within this timeframe.