Lakeshore Acquisition III Corp.’s (NASDAQ:LCCCU) Lock-Up Period To Expire on October 27th

Lakeshore Acquisition III’s (NASDAQ:LCCCU) lock-up period is set to expire on Monday, October 27th. Lakeshore Acquisition III had issued 6,000,000 shares in its public offering on April 30th. The total size of the offering was $60,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Lakeshore Acquisition III Stock Performance

Shares of NASDAQ LCCCU opened at $10.37 on Friday. The firm has a 50 day simple moving average of $10.28. Lakeshore Acquisition III has a fifty-two week low of $10.02 and a fifty-two week high of $10.56.

Institutional Investors Weigh In On Lakeshore Acquisition III

Several large investors have recently bought and sold shares of LCCCU. Crossingbridge Advisors LLC bought a new stake in Lakeshore Acquisition III in the second quarter valued at approximately $2,006,000. Clear Street LLC bought a new stake in Lakeshore Acquisition III in the second quarter valued at approximately $472,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Lakeshore Acquisition III in the second quarter valued at approximately $1,162,000. Gabelli Funds LLC bought a new stake in Lakeshore Acquisition III in the second quarter valued at approximately $878,000. Finally, Jane Street Group LLC bought a new stake in Lakeshore Acquisition III in the second quarter valued at approximately $187,000.

Lakeshore Acquisition III Company Profile

Lakeshore Acquisition III Corp. is a blank check company incorporated in the Cayman Islands as an exempted company on October 21, 2024, incorporated 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, which we refer to throughout this prospectus as our initial business combination.” To date, our efforts have been limited to organizational activities as well as activities related to “this offering.