Lake Superior Acquisition, a blank check company targeting the energy storage, social media, and consumer staples industries, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The New York, NY-based company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one right to receive one-sixth of a share upon the completion of an initial business combination.
Lake Superior Acquisition is led by CEO and Chairman Edward Cong Wang, who currently serves as the Managing Partner at Pacifico Financial Group and previously served as CFO of Redwoods Acquisition (merged with KLTO; -93% from $10 offer price). The SPAC plans to target the energy storage, social media, and consumer staples industries.
Lake Superior Acquisition was founded in 2024 and plans to list on the Nasdaq under the symbol LKSPU. Cohen & Company Securities is the sole bookrunner on the deal.
