Deyin Chen - Jun 15, 2021 Form 4 Insider Report for Lakeshore Acquisition I Corp. (LAAA)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Chen Deyin
Stock symbol
LAAA
Transactions as of
Jun 15, 2021
Transactions value $
$0
Form type
4
Date filed
7/9/2021, 07:07 AM
Previous filing
Jul 9, 2021
Next filing
Jul 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LAAA Ordinary Shares, par value $0.0001 Purchase +116K +13.77% 960K Jun 15, 2021 Held by RedOne Investment Limited F1, F2, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LAAA Warrant Purchase +87.2K 87.2K Jun 15, 2021 Ordinary Shares, par value $0.0001 87.2K $11.50 Held by RedOne Investment Limited F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.