Sona Asset Management US LLC Takes Position in Lakeshore Acquisition III Corp. $LCCC

Sona Asset Management US LLC acquired a new position in shares of Lakeshore Acquisition III Corp. (NASDAQ:LCCC) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 100,000 shares of the company’s stock, valued at approximately $1,030,000.

Separately, Berkley W R Corp raised its position in shares of Lakeshore Acquisition III by 51.3% during the 1st quarter. Berkley W R Corp now owns 310,796 shares of the company’s stock worth $3,203,000 after purchasing an additional 105,422 shares during the last quarter.

Lakeshore Acquisition III Price Performance

Lakeshore Acquisition III stock opened at $10.46 on Monday. The stock’s 50-day moving average is $10.42. Lakeshore Acquisition III Corp. has a 52 week low of $10.04 and a 52 week high of $10.46.

Lakeshore Acquisition III (NASDAQ:LCCC) last released its earnings results on Thursday, April 23rd. The company reported $0.08 earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lakeshore Acquisition III in a research note on Friday, May 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Lakeshore Acquisition III Profile

Lakeshore Acquisition III (NASDAQ: LCCC) is a special purpose acquisition company (SPAC) listed on the Nasdaq stock exchange. As a blank?check company, its primary business activity is to raise capital through an initial public offering and hold those proceeds in a trust while seeking a business combination, merger, asset acquisition or similar transaction that would bring a private operating company public through a reverse merger or other form of combination.

Prior to identifying and completing a qualifying business combination, Lakeshore Acquisition III does not operate traditional commercial businesses or offer products or services; instead, its operations are focused on target evaluation, due diligence, structuring potential transactions and managing the trust account and public?company obligations.