The company announced a business combination agreement with CPRO, a leader in the physical AI security industry, to list CPRO on a U.S. national securities exchange through the merger with Lakeshore Acquisition III Corp.

• On May 26, 2026, Lakeshore Acquisition III Corp. announced a business combination agreement to publicly list CPRO, a leader in the physical AI security industry, on a U.S. national securities exchange through a merger with the company [N1].

The company’s management team has demonstrated experience in SPAC transactions and operational roles, which may facilitate identifying a high-quality target business. The announced business combination with CPRO, a leader in the physical AI security industry, provides clarity on the company’s near-term business model and potential market positioning. The trust account funding and Nasdaq listing status provide a foundation for capital access and public market benefits for the combined entity.

The company currently has no operating revenues and depends entirely on completing a business combination to generate operating cash flows. The 15-month deadline to consummate a business combination imposes timing risk, with potential liquidation if no transaction is completed. The success of the business combination depends on the target’s performance and integration, which carries execution risk. Market conditions and regulatory requirements may also impact the ability to complete or benefit from the combination.

As a SPAC, Lakeshore Acquisition III Corp. does not have an operating business moat prior to its initial business combination. Its competitive strengths lie in the experience and networks of its management team, which have prior SPAC and operational experience, enabling it to identify and support a target company with sustainable competitive advantages. The company’s ability to leverage its relationships and expertise may provide value creation opportunities for the post-combination entity.

• Business Combination Completion Risk: The company must complete a business combination within 15 months of the IPO or seek shareholder approval for an extension. Failure to complete a combination will result in liquidation and redemption of public shares.
• Target Selection and Execution Risk: The success of the company depends on identifying a suitable target with clear competitive advantages and successfully completing and integrating the business combination.
• Market and Regulatory Risks: Market conditions and regulatory requirements, including Nasdaq listing rules, may affect the timing and feasibility of the business combination.

• Lakeshore Acquisition III Corp. is a blank check company incorporated in the Cayman Islands on October 21, 2024, formed to complete a business combination with one or more businesses.
• The company completed its IPO on May 1, 2025, issuing 6,900,000 units at $10.00 each, raising $69 million, plus a private placement of 280,000 units for $2.8 million.
• Proceeds from the IPO and private placement were placed in a trust account for the benefit of public shareholders.
• The company has not commenced operations and generates income only from interest on cash and equivalents prior to a business combination.
• Management has experience with SPACs and aims to leverage networks and operational expertise to identify and complete a business combination.
• The company intends to focus on target businesses in North America, South America, Europe, or Asia, without industry limitation.
• Investment criteria include clear competitive advantages, high growth potential, experienced management teams, attractive valuations, and benefits from being a public company.
• The company has up to 15 months from IPO closing (August 1, 2026) to complete a business combination, with possible shareholder-approved extensions.
• If no business combination is completed, the company will redeem public shares from the trust account and liquidate.
• Nasdaq listing rules require the business combination to represent at least 80% of the trust account net assets.
• As of September 30, 2026, the company had $252,080 in cash and equivalents and $197,675 in current assets, with zero current liabilities.
• Net income reported for the quarter ending September 30, 2026, was $281,287, with diluted EPS of -$0.02.
• On May 26, 2026, the company announced a business combination agreement to list CPRO, a leader in the physical AI security industry, on a U.S. national securities exchange through the merger with Lakeshore Acquisition III Corp.
• The company’s units and shares trade on Nasdaq under symbols LCCC, LCCCR, and LCCCU.