Lakeshore Acquisition II Corp. Announces that Ordinary Shares, Rights and Warrants to Commence Separate Trading on or about April 14, 2022
Lakeshore Acquisition II Corp. (NASDAQ: LBBBU) announced that its unit holders can separately trade the ordinary shares, rights, and warrants starting on April 14, 2022. The ordinary shares, rights, and warrants will trade under the symbols LBBB, LBBBR, and LBBBW on NASDAQ, while units will continue under LBBBU. The Company is a blank check firm aiming for business combinations but will not engage with companies based in China, Hong Kong, or Macau. This change allows for greater flexibility in trading these components.
- Separation of trading enhances liquidity and flexibility for investors.
- The establishment of separate trading symbols (LBBB, LBBBR, LBBBW) can attract more investor interest.
- None.
NEW YORK, April 11, 2022 /PRNewswire/ -- Lakeshore Acquisition II Corp. (the "Company") (NASDAQ: LBBBU), a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, today announced that holders of the Company's units may elect to separately trade the ordinary shares, rights and warrants included in its units commencing on or about April 14, 2022.
The ordinary shares, rights and warrants will trade on the NASDAQ Global Market ("NASDAQ") under the symbols LBBB, LBBBR, and LBBBW respectively. Units not separated will continue to trade on NASDAQ under the symbol LBBBU. After separation, the ordinary shares, rights, and warrants may be recombined to create units.
About Lakeshore Acquisition II Corp.
Lakeshore Acquisition II Corp. is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company's efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although the Company will not effectuate an initial business combination with a company that is headquartered in the People's Republic of China ("China"), the Hong Kong Special Administrative Region of China ("Hong Kong") or the Macau Special Administrative Region of China ("Macau") or conducts a majority of its operations in China, Hong Kong or Macau.
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Contact:
Lakeshore Acquisition II Corp.
Bill Chen
Chairman & Chief Executive Officer
bchen65@126.com
(917)327-9933
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SOURCE Lakeshore Acquisition II Corp.
FAQ
What is the significance of Lakeshore Acquisition II Corp. announcing trading separation for LBBBU?
When will the ordinary shares, rights, and warrants of LBBBU start trading separately?
What trading symbols will be used for the separate components of Lakeshore Acquisition II Corp.?
Is Lakeshore Acquisition II Corp. planning to merge with companies based in China?
