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Proceeds from issuance of
public units
$69,000,000
Proceeds from issuance of
private units
$2,800,000
Net cash provided by
financing activities
$70,175,100
Canceled cashflow
$1,624,900
Net increase in cash
$655,716
Canceled cashflow
$69,519,384
Payment of underwriting
fee
$1,035,000
Repayment of the principal
of promissory note...
$300,000
Payment of offering
costs
$289,900
Net income (loss)
$1,257,633
Increase in accrued
expenses
$75,000
Decrease (increase) in
prepaid expenses
-$6,000
Net cash used in
investing activities
-$69,000,000
Net cash used in
operating activities
-$519,384
Canceled cashflow
$1,338,633
Cash deposited in
trust account
$69,000,000
Interest income earned in
trust account
-$1,858,017
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Cash Flow
source: myfinsight.com
Lakeshore Acquisition III Corp. (LCCC)
Lakeshore Acquisition III Corp. (LCCC)