L
Lake Superior Acquisition Corp
LKSPCIK 0002043508NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthBlank ChecksFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$666.0K
Total Assets
$116.59M
Equity
$-4.17M
Shares Out
15.69M
Op. Cash Flow
$-444.4K
Business
Lake Superior Acquisition Corp is a blank check company formed to identify, structure and complete a business combination with one or more operating businesses. It offers capital-raising and merger execution services, including an initial public offering, private placements and related tender offer or proxy processes to facilitate acquisitions. Its operations are organized around its sponsor and management team, independent directors, a trust account and governance and indemnity arrangements to support transaction execution. The company targets prospective acquisition candidates across domestic and international markets and may pursue financing, regulatory approvals and strategic partnerships to complete combinations.
Summary from filing dated 2026-02-12
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| General and administrative expenses | 360,173 | |
| Loss from Operations | −360,173 | |
| Interest earned on investments held in Trust Account | 1 | |
| Income (loss) before income taxes | 666,033 | |
| Income taxes provision | 0 | |
| Net Income (Loss) | 666,033 | |
| Basic and diluted weighted average shares outstanding, Class A ordinary shares subject to possible redemption | 3 | |
| Basic and diluted net income per share, Class A ordinary shares subject to possible redemption | 0.1 | |
| Basic and diluted weighted average shares outstanding, Class A and Class B ordinary shares not subject to redemption(1) | 4 | |
| Basic and diluted net income (loss) per share, Class A and Class B ordinary shares not subject to redemption | 0.1 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-03-31 |
|---|---|---|---|---|
| Cash | 485,927 | 129,309 | 0 | |
| Prepaid expenses | 74,250 | 0 | — | |
| Total current assets | 560,177 | 129,309 | — | |
| Deferred offering costs | 0 | 83,914 | — | |
| Investments held in trust account | 116 | 0 | — | |
| Total Assets | 117 | 213,223 | — | |
| Due to related party | 27,742 | 7,045 | — | |
| Accounts payable and accrued expenses | 6,193 | 43,869 | — | |
| Promissory note - related party | 94,360 | 200,000 | — | |
| Total current liabilities | 128,295 | 250,914 | — | |
| Deferred underwriting fee payable | 5 | 0 | — | |
| Total Liabilities | 5 | 250,914 | — | |
| Class A ordinary shares, no par value; 200,000,000 shares authorized; 11,500,000 shares subject to possible redemption at redemption value of $10.09 per share | 116 | 0 | — | |
| Preference shares, no par value; 5,000,000 shares authorized; none issued and outstanding | 0 | 0 | — | |
| Additional paid-in capital | 0 | 25,000 | — | |
| Accumulated deficit | −4 | −62,691 | — | |
| Total shareholders' deficit | −4 | −37,691 | 0 | |
| Total Liabilities, Ordinary Shares Subject to Redemption and Shareholders' Deficit | 117 | 213,223 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| Net Income (loss) | 666,033 | |
| Payment of operating costs by related party | 0 | |
| Prepaid expenses | −74,250 | |
| Accounts payable and accrued expenses | −9,934 | |
| Net Cash Used in Operating Activities | −444,357 | |
| Purchase of investments held in Trust Account | −115 | |
| Net Cash Used in Investing Activities | −115 | |
| Proceeds from issuance of founder shares to Sponsor | 0 | |
| Proceeds from Initial Public Offering | 115 | |
| Proceeds from sale of private placement units | 4 | |
| Payment of underwriter commissions | −2 | |
| Payment of deferred offering costs | −386,340 | |
| Proceeds from promissory note - related party | 100,000 | |
| Repayment of promissory note - related party | −205,640 | |
| Repayment of related party advance | −7,045 | |
| Net Cash Provided by Financing Activities | 116 | |
| Net Change in Cash | 356,618 | |
| Remeasurement of Class A ordinary share to redemption value | 13 | |
| Deferred underwriting fee payable | 5 | |
| Deferred offering costs paid by related party | 0 | |
| Deferred offering costs in accounts payable and accrued expenses | 1,200 | |
| Accounts payable and accrued expenses paid by related party | 27,742 |
Filings
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