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Lakeshore Acquisition III Corp.

For the period ended Mar 31, 2025. Filed May 22, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 22, 2025

LCCC$10.55-0.1%Stored close · as of Nov 4, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2025

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________ to _______

Commission File Number:001-42623

Lakeshore Acquisition III Corp.

(Exact name of registrant as specified in its charter)

Cayman IslandsN/A
(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)

667 Madison Avenue, New York, NY, 10065

(Address of Principal Executive Offices, including zip code)

(917) 327-9933

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Ordinary SharesLCCCTHE NASDAQ STOCK MARKET LLC
RightsLCCCRTHE NASDAQ STOCK MARKET LLC
UnitsLCCCUTHE NASDAQ STOCK MARKET LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☐ Yes ☒No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

☐Large accelerated filer☐Accelerated filer
☒Non-accelerated filer☒Smaller reporting company
☒Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☒ No ☐

As of May 22, 2025 there were 8,905,000 ordinary shares, par value $0.0001, issued and outstanding.

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION1
Item 1.Condensed Financial Statements1
Unaudited Condensed Balance Sheet as of March 31, 2025 and Balance Sheet as of December 31, 20241
Unaudited Condensed Statement of Operations for the three months ended March 31, 20252
Unaudited Condensed Statements of Changes in Shareholders’ Equity (Deficit) for the three months ended March 31, 20253
Unaudited Condensed Statements of Cash Flows for the three months ended March 31, 20254
Notes to Unaudited Condensed Consolidated Financial Statements5
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations14
Item 3.Quantitative and Qualitative Disclosures About Market Risk17
Item 4.Controls and Procedures17
PART II. OTHER INFORMATION18
Item 1.Legal Proceedings18
Item 1A.Risk Factors18
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds18
Item 3.Defaults Upon Senior Securities18
Item 4.Mine Safety Disclosures18
Item 5.Other Information18
Item 6.Exhibits19
SIGNATURES20

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