Goldman Sachs Group and Goldman Sachs & Co. LLC reported shared beneficial ownership of 623,431 Class A Ordinary Shares of Lake Superior Acquisition Co as of 03/31/2026, representing 5.3% of the class. The filing is a joint Schedule 13G submitted under a joint filing agreement; certain holdings are reported by Goldman Sachs reporting units and disclaimers about client and managed‑entity holdings are included.
Positive
None.
Negative
None.
Insights
Filing reflects passive, joint reporting with standard broker/adviser disclaimers.
The Schedule 13G lists 623,431 shares and a 5.3% stake as of 03/31/2026, filed jointly by The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC. The exhibits include a Joint Filing Agreement and subsidiary attribution under parent holding rules.
Disclaimers note client accounts and managed entities whose holdings are excluded. Future amendments would be required if ownership or intent changes.
Reported stake is sizeable for disclosure but routine for an institutional holder.
The filing quantifies a 5.3% position in Lake Superior Acquisition Co as of 03/31/2026. The reporting structure attributes the holdings to Goldman Sachs reporting units and clarifies that some client/managed interests are disaggregated.
This Schedule 13G signals passive ownership under Rule 13d-1; any shift to active intent would trigger different reporting obligations.
Key Figures
Reported shares:623,431 sharesPercent of class:5.3%Beneficial ownership date:03/31/2026+1 more
4 metrics
Reported shares623,431 sharesAmount beneficially owned reported on Schedule 13G
Percent of class5.3%Percent of Class A Ordinary Shares as stated on cover pages
Beneficial ownership date03/31/2026Date tied to the ownership figures
Signature date04/03/2026Execution date of the filing signature
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.
Beneficially ownedregulatory
"Amount beneficially owned: See the response(s) to Item 9"
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.
Joint Filing Agreementlegal
"EXHIBIT (99.1) JOINT FILING AGREEMENT"
Parent holding companyregulatory
"The securities being reported on by The Goldman Sachs Group, Inc. ("GS Group"), as a parent holding company"
What stake does Goldman Sachs report in Lake Superior Acquisition Co (LKSP)?
Goldman Sachs reports shared beneficial ownership of 623,431 shares, equal to 5.3% of the Class A Ordinary Shares as of 03/31/2026. The position is reported jointly by The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC.
Does this Schedule 13G indicate active control by Goldman Sachs in LKSP?
No. The Schedule 13G filing format and the filing language indicate passive reporting. The exhibits include standard disclaimers that certain client and managed‑entity holdings are excluded and that the reporting units disclaim beneficial ownership of those interests.
Who signed the joint filing for LKSP and when was it signed?
The joint filing agreement and Schedule 13G were signed by Veronica Mupazviriwo as Attorney‑in‑fact for both filers. Signature dates shown are 04/03/2026, reflecting execution of the filing exhibits and authorization.
What exhibits accompany the Schedule 13G for LKSP?
The filing includes a Joint Filing Agreement (Exhibit 99.1), subsidiary identification under parent holding rules (Exhibit 99.2), and an Item 4 information exhibit describing reporting‑unit disclaimers (Exhibit 99.3). These explain attribution and exclusions.
Will Goldman Sachs need to change reporting if its intent changes?
Yes. If the reporting persons move from passive to active intent or exceed reporting thresholds, they must amend filings and may need to file under Rule 13D rather than 13G. The Schedule 13G itself does not specify future intent changes.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
LAKE SUPERIOR ACQUISITION CO
(Name of Issuer)
Class A Ordinary Shares, no par value
(Title of Class of Securities)
G5354C107
(CUSIP Number)
03/31/2026
(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):
G5354C107
1
Names of Reporting Persons
THE GOLDMAN SACHS GROUP, INC.
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
623,431.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
623,431.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
623,431.00
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)
5.3 %
12
Type of Reporting Person (See Instructions)
HC, CO
SCHEDULE 13G
CUSIP Number(s):
G5354C107
1
Names of Reporting Persons
GOLDMAN SACHS & CO. 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
NEW YORK
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
623,431.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
623,431.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
623,431.00
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)
5.3 %
12
Type of Reporting Person (See Instructions)
BD, OO, IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
LAKE SUPERIOR ACQUISITION CO
(b)
Address of issuer's principal executive offices:
521 Fifth Avenue, 17th Floo, New York, X1,10175
Item 2.
(a)
Name of person filing:
THE GOLDMAN SACHS GROUP, INC.| GOLDMAN SACHS & CO. LLC
(b)
Address or principal business office or, if none, residence:
The Goldman Sachs Group, Inc. 200 West Street New York, NY 10282| Goldman Sachs & Co. LLC 200 West Street New York, NY 10282
(c)
Citizenship:
THE GOLDMAN SACHS GROUP, INC. - Delaware| GOLDMAN SACHS & CO. LLC - New York
(d)
Title of class of securities:
Class A Ordinary Shares, no par value
(e)
CUSIP Number(s):
G5354C107
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:
See the response(s) to Item 9 on the attached cover page(s).
(b)
Percent of class:
See the response(s)to Item 11 on the attached cover page(s).
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See the response(s) to Item 5 on the attached cover page(s).
(ii) Shared power to vote or to direct the vote:
See the response(s) to Item 6 on the attached cover page(s).
(iii) Sole power to dispose or to direct the disposition of:
See the response(s) to Item 7 on the attached cover page(s).
(iv) Shared power to dispose or to direct the disposition of:
See the response(s) to Item 8 on the attached cover page(s).
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
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.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Exhibit (99.2)
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.
THE GOLDMAN SACHS GROUP, INC.
Signature:
Name: Veronica Mupazviriwo
Name/Title:
Attorney-in-fact
Date:
04/03/2026
GOLDMAN SACHS & CO. LLC
Signature:
Name: Veronica Mupazviriwo
Name/Title:
Attorney-in-fact
Date:
04/03/2026
Exhibit Information
EXHIBIT (99.1)
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1) promulgated under the Securities
Exchange Act of 1934, the undersigned agree to the joint filing of a Statement
on Schedule 13G (including any and all amendments thereto) with respect to the
Class A Ordinary Shares, no par value, of LAKE SUPERIOR ACQUISITION CO
and further agree to the filing of this agreement as an Exhibit thereto.
In addition, each party to this Agreement expressly authorizes each other party
to this Agreement to file on its behalf any and all amendments to such Statement
on Schedule 13G.
Date:
THE GOLDMAN SACHS GROUP, INC.
By:/s/ Veronica Mupazviriwo
----------------------------------------
Name: Veronica Mupazviriwo
Title: Attorney-in-fact
GOLDMAN SACHS & CO. LLC
By:/s/ Veronica Mupazviriwo
----------------------------------------
Name: Veronica Mupazviriwo
Title: Attorney-in-fact
EXHIBIT (99.2)
ITEM 7 INFORMATION
The securities being reported on by The Goldman Sachs Group, Inc.
("GS Group"), as a parent holding company, are owned, or may be deemed to be
beneficially owned, by Goldman Sachs & Co. LLC ("Goldman Sachs"), a broker or
dealer registered under Section 15 of the Act and an investment adviser
registered under Section 203 of the Investment Advisers Act of 1940. Goldman
Sachs is a subsidiary of GS Group.
EXHIBIT (99.3)
ITEM 4 INFORMATION
*In accordance with the Securities and Exchange Commission Release No.
34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities
beneficially owned by certain operating units (collectively, the "Goldman Sachs
Reporting Units") of The Goldman Sachs Group, Inc. and its subsidiaries and
affiliates (collectively, "GSG"). This filing does not reflect securities, if
any, beneficially owned by any operating units of GSG whose ownership of
securities is disaggregated from that of the Goldman Sachs Reporting Units in
accordance with the Release. The Goldman Sachs Reporting Units disclaim
beneficial ownership of the securities beneficially owned by (i) any client
accounts with respect to which the Goldman Sachs Reporting Units or their
employees have voting or investment discretion or both, or with respect to
which there are limits on their voting or investment authority or both and
(ii) certain investment entities of which the Goldman Sachs Reporting Units
act as the general partner, managing general partner or other manager, to the
extent interests in such entities are held by persons other than the Goldman
Sachs Reporting Units.
