Lakeshore Acquisition III FY26 Q2 net income rises to USD 339,107; interest income climbs to USD 626,475
LCCC•Six-month results and balance sheet
For the six months ended June 30, net income rose to USD 848,952 from USD 181,779 a year earlier.
The SPAC had no revenue, with USD 70.86 million in its Trust Account and USD 252,080 in cash outside the trust as of June 30.
Merger agreement and deadline extension
It signed a May 22 merger agreement to acquire CPRO in an all-stock deal valued at USD 185 million, with shareholders voting on July 27 to extend its deal deadline to Aug. 1, 2027.
Quarterly results and Trust Account income
Lakeshore Acquisition III posted net income of USD 339,107 for the quarter ended June 30, 2026, up 56.65% year over year.
General and administrative expenses climbed to USD 287,368, while interest income from Trust Account investments rose to USD 626,475.
