Chen Deyin 4
4 · Lakeshore Acquisition I Corp. · Filed Jul 9, 2021
Insider Transaction Report
Form 4
Chen Deyin
DirectorChief Executive Officer10% Owner
Transactions
- Purchase
Warrant
2021-06-15+87,209→ 87,209 total(indirect: Held by RedOne Investment Limited)Exercise: $11.50→ Ordinary Shares, par value $0.0001 (87,209 underlying) - Purchase
Ordinary Shares, par value $0.0001
2021-06-15+116,279→ 960,465 total(indirect: Held by RedOne Investment Limited)
Footnotes (5)
- [F1]Simultaneously with the consummation of the initial public offering of Lakeshore Acquisition I Corp. (the "Company"), RedOne Investment Limited acquired 116,279 units in a private placement (the "Private Units"). Each Private Unit consists of one ordinary share of the Company, par value $0.0001, and three-quarters of one warrant to purchase one ordinary share at an exercise price of $11.50 per share (the "Warrants").
- [F2]The Private Units were purchased for $10.00 per unit.
- [F3]The Warrants will become exercisable at any time commencing 30 days after the completion of the Company's initial business combination.
- [F4]The Warrants will expire five years after the completion of the Company's initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.
- [F5]Held by RedOne Investment Limited. Mr. Chen is the managing member of RedOne Investment Limited and has voting and investment discretion with respect to the Ordinary Shares held of record by RedOne Investment Limited. Mr. Chen disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.