Lake Superior Acquisition Corp
Business
Lake Superior Acquisition Corp is a blank check company incorporated in the British Virgin Islands formed to acquire, merge with, or otherwise combine with one or more operating businesses. The company intends to identify and execute a business combination using proceeds from its initial public offering and private placements. As of January 2026, the company has entered into a definitive agreement to combine with Openmarkets Group, an Australian financial services and digital asset platform company. The company is led by experienced management with prior blank check company execution, operating from offices in New York.
Summary from 10-K filed 2026-02-12
Financials
Consolidated Statement of Income
| 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
| 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
| 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Lake Superior Acquisition Corp's CIK number?
Lake Superior Acquisition Corp's SEC CIK number is 0002043508 (2043508). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Lake Superior Acquisition Corp's SEC filings?
All of Lake Superior Acquisition Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.