LakeShore Biopharma (LSB) sets shareholder vote on going-private deal
Rhea-AI Filing Summary
LakeShore Biopharma Co., Ltd has called an extraordinary general meeting of shareholders for February 12, 2026 at 11 a.m. (Beijing time) in Beijing. Shareholders will be asked to consider and vote on authorizing and approving a previously announced Agreement and Plan of Merger with Oceanpine Skyline Inc. and its subsidiary Oceanpine Merger Sub Inc., along with a related Cayman Islands plan of merger.
At the effective time of the merger, Merger Sub will merge into LakeShore Biopharma, which will survive as a wholly owned subsidiary of Oceanpine Skyline Inc. If completed, the merger will result in LakeShore Biopharma becoming a privately held company, and its ordinary shares and warrants will no longer be quoted on any public marketplace, including the OTC Pink tier, and will cease to be registered under the U.S. securities laws.
The board of directors, following a unanimous recommendation from a special committee of independent directors, has approved the merger documents and resolved to recommend that shareholders vote FOR the proposals. Shareholders of record as of 5 p.m. Cayman Islands time on January 16, 2026 are entitled to attend and vote at the meeting. Additional details are provided in the Schedule 13E-3 transaction statement and definitive proxy statement filed with the SEC.
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Insights
LakeShore Biopharma sets shareholder vote on going-private merger that would delist its shares and warrants.
The company has scheduled an extraordinary general meeting on
If the merger is completed, LakeShore Biopharma will become a privately held company. Its ordinary shares with a par value of
The board of directors, acting on the unanimous recommendation of a special committee of independent directors, has approved the merger documentation and will recommend that shareholders vote FOR the proposals. Only shareholders of record as of
FAQ
What is LakeShore Biopharma (LSB) asking shareholders to vote on at the February 12, 2026 EGM?
LakeShore Biopharma is asking shareholders to consider and vote on authorizing and approving the previously announced Agreement and Plan of Merger with Oceanpine Skyline Inc., the related plan of merger to be filed in the Cayman Islands, and the transactions contemplated by those documents, including the merger itself.
When and where will LakeShore Biopharmas extraordinary general meeting of shareholders be held?
The extraordinary general meeting is scheduled for February 12, 2026 at 11 a.m. (Beijing time) at Unit 1301, Tower 1, China Central Place, No. 81 Jianguo Road, Chaoyang District, Beijing, Peoples Republic of China.
Who is entitled to vote at LakeShore Biopharma (LSB)s extraordinary general meeting?
Shareholders of record as of 5 p.m. Cayman Islands time on January 16, 2026 are entitled to attend and vote at the extraordinary general meeting and any adjournment of that meeting.
What happens to LakeShore Biopharmas shares and warrants if the merger is completed?
If the merger is consummated, LakeShore Biopharma will become a privately held company. Its ordinary shares and warrants to purchase shares will no longer be listed or quoted on any public marketplace or quotation system, including the OTC Pink tier, and the shares and warrants will cease to be registered under Section 12 of the Securities Exchange Act of 1934.
How has LakeShore Biopharmas board of directors recommended shareholders vote on the merger?
The board of directors, acting on the unanimous recommendation of a special committee of independent directors, has authorized and approved the merger documents and resolved to recommend that shareholders vote FOR the proposal to approve the Merger Agreement, the Plan of Merger, and the related transactions, including the merger.
Where can LakeShore Biopharma (LSB) investors find more information about the proposed merger and EGM?
Additional information is available in the Schedule 13E-3 transaction statement and the definitive proxy statement attached as Exhibit (a)-(1) to that filing, as amended. These documents and other filings regarding the company and the proposed merger can be obtained free of charge from the SECs website at http://www.sec.gov or by contacting LakeShore Biopharmas Investor Relations Department by phone at +86 (10) 8920-2086 or by email at ir@lakeshorebio.com.
What does the LakeShore Biopharma (LSB) press release say about forward-looking statements related to the merger?
The press release notes that it contains forward-looking statements identified by terms such as may, will, expect, and similar expressions. It highlights risks and uncertainties, including how shareholders will vote, the possibility of termination of the Merger Agreement, competing offers, availability of financing, satisfaction or waiver of closing conditions, and other risks discussed in the companys SEC filings, including the Schedule 13E-3 and proxy statement.