Lakeshore Acquisition III Signs Merger Agreement with CPRO Electronics in $185M Deal

Lakeshore Acquisition III signed a definitive merger agreement with CPRO Electronics for a two-step business combination, including a Cayman reincorporation and a subsequent acquisition of CPRO. The $185 million base purchase price is payable entirely in stock at $10.00 per share and will be reduced dollar-for-dollar for Target Group debt above $26 million. To support the deal, Lakeshore also secured a voting and support agreement with its Sponsor and key CPRO holders, and outlined post-closing registration rights and lock-up arrangements to facilitate an orderly market and future liquidity.

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