Thu, May 22, 8:31 PM (27 days ago)
**Lakeshore Acquisition III Corp. (LCCC) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $0, as the company has not commenced operations. - **Net Loss:** $34,688, attributed to formation and administrative expenses. - **Cash:** $35,338, significantly reduced from $100,876 at the end of 2024 due to operating and financing activities. - **Deferred Offering Costs:** $250,850, up from $195,000 in 2024. - **Total Assets:** $301,188, slightly decreased from $310,876 in 2024. - **Total Liabilities:** $325,000, increased from $300,000 in 2024 due to accrued offering costs. - **Shareholder's Equity (Deficit):** $(23,812), down from $10,876 in 2024 due to the net loss. **Key Metrics & Trends:** - **Earnings Changes:** The company reported a net loss of $34,688 for Q1 2025, compared to no earnings in the previous quarter. - **Cash Flow:** Net decrease in cash of $65,538 due to operating and financing activities. - **Share Price:** Not applicable, as the company is a blank check company with no operating history. **Future Operations & Uncertainties:** - **Business Combination:** The company is actively seeking a target business for acquisition, with no specific industry or geographic focus. - **Liquidity:** The company has sufficient working capital to meet its needs until the earlier of the consummation of a business combination or one year from this filing. - **Uncertainties:** The company faces risks related to its ability to complete a business combination, market conditions, and regulatory changes. **Impact on Future Operations:** - The successful completion of a business combination will significantly impact the company's financial health and performance. - The company's ability to generate revenue and profit will depend on the target business acquired. - The company may need to obtain additional financing to complete a business combination or meet its obligations following the combination.