Deyin Chen - Mar 11, 2022 Form 4 Insider Report for Lakeshore Acquisition II Corp. (LBBB)

Role
CEO and CFO, Director, 10%+ Owner
Signature
/s/ Deyin Chen
Stock symbol
LBBB
Transactions as of
Mar 11, 2022
Transactions value $
$0
Form type
4
Date filed
3/15/2022, 05:08 PM
Previous filing
Mar 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LBBB Ordinary Shares, par value $0.0001 Purchase +352K +20.74% 2.05M Mar 11, 2022 Held by RedOne Investment Limited F1, F2, F6

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 LBBB Warrant Purchase +176K 176K Mar 11, 2022 Ordinary Shares, par value $0.0001 176K $11.50 Held by RedOne Investment Limited F1, F2, F3, F4, F6
transaction LBBB Right Purchase +352K 35.2K Mar 11, 2022 Ordinary Shares, par value $0.0001 35.2K $0.00 Held by RedOne Investment Limited F1, F2, F5, F6
* 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 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.
F6 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.