Harneys advises on Lakeshore Acquisition II Corp US$60 million SPAC IPO

Harneys acted as counsel to Lakeshore Acquisition II Corp in relation to its listing on the Nasdaq Capital Market (NASDAQ) under the ticker symbol "LAAAU" beginning 28 January 2022. Its initial public offering of 6,000,000 units is at an offering price of US$10.00 per unit.

Lakeshore Acquisition II Corp. is a blank check company, also commonly referred to as a special purpose acquisition company (SPAC). A SPAC is a newly incorporated company that goes to IPO to raise capital to fund a strategic acquisition 18-24 months later. Lakeshore Acquisition II Corp is incorporated as a Cayman Islands exempted company.

The Harneys team was led by Shanghai Partner Calamus Huang and Senior Associate Lily Zhang with support from co-head of the firm’s global Corporate group Raymond Ng.

Calamus commented, “It has been our second time working with the client on their SPAC listing, showcasing our team’s dedication to providing high-quality services for our long-term clients. We expect to see more successful SPAC listings in the future.”

The corporate team at Harneys has a leading Equity Capital Markets (ECM) practice with substantial experience regarding all aspects of capital raising by offshore companies, including IPOs and secondary offerings, rights issues, equity linked securities, including convertible and exchangeable bonds, SPACs and business combinations, as well as private placements, take-privates, takeovers and spin-offs. The firm’s ECM expertise lie in advising entities listed or listing on all major stock exchanges, including the New York Stock Exchange, NASDAQ, the London Stock Exchange, AIM, the Hong Kong Stock Exchange, Shanghai Stock Exchange and the Luxembourg Stock Exchange.