RedOne Investment Ltd 4
4 · Lakeshore Acquisition II Corp. · Filed Mar 15, 2022
Insider Transaction Report
Form 4
RedOne Investment Ltd
10% Owner
Transactions
- Purchase
Ordinary Shares, par value $0.0001
2022-03-11+351,500→ 2,046,500 total - Purchase
Warrant
2022-03-11+175,750→ 175,750 totalExercise: $11.50→ Ordinary Shares, par value $0.0001 (175,750 underlying) - Purchase
Right
2022-03-11+351,500→ 35,150 totalExercise: $0.00→ Ordinary Shares, par value $0.0001 (35,150 underlying)
Footnotes (5)
- [F1]Simultaneously with the consummation of the initial public offering of Lakeshore Acquisition II Corp. (the "Company"), RedOne Investment Limited acquired 351,500 units in a private placement (the "Private Units"). Each Private Unit consists of one ordinary share of the Company, par value $0.0001, one-half of one warrant to purchase one ordinary share at an exercise price of $11.50 per share (the "Warrants"), and one right that entitles the holder thereof to receive one-tenth (1/10) of one ordinary share upon consummation of the Company's initial business combination.
- [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]The Rights automatically convert into one-tenth (1/10) of a share of common stock upon the consummation of the registrant's initial business combination, as described in the registrant's prospectus filed with the SEC.