Lakeshore Acquisition III Corp. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the SEC on November 6, 2026, reporting a significant reduction in marketable securities held in its Trust Account as redeemable share counts declined.

Key Highlights

  • Trust Account balance: Marketable securities held in Trust fell to $19,458,072 as of September 30, 2026, down from $70,858,017 at December 31, 2025, according to the filing.
  • Redeemable shares outstanding: 1,817,787 ordinary shares were subject to possible redemption at a redemption value of approximately $10.70 per share at September 30, 2026, compared with 6,900,000 shares at approximately $10.27 per share at December 31, 2025.
  • Net income, nine months: The company reported net income of $1,130,239 for the nine months ended September 30, 2026, driven by $1,623,156 in interest income on marketable securities held in the Trust Account.
  • Net income, Q3 2026: Net income for the three months ended September 30, 2026 was $281,287, against formation, general and administrative expenses of $96,905.
  • Shareholders' deficit: Total shareholders' deficit widened to $(2,217,325) at September 30, 2026, from $(1,724,408) at December 31, 2025, with accumulated deficit of $(2,217,526).
  • Total shares outstanding: As of November 6, 2026, there were 3,822,787 ordinary shares, par value $0.0001, issued and outstanding.

Lakeshore Acquisition III's Trust Account and Financial Position Through September 30, 2026

Lakeshore Acquisition III Corp. (NASDAQ:LCCC), a blank-check company incorporated in the Cayman Islands, disclosed its financial results for the quarter ended September 30, 2026 in a 10-Q filed November 6, 2026. The most notable change from year-end 2025 is the reduction of marketable securities held in the Trust Account from $70,858,017 to $19,458,072, reflecting a sharp decline in the number of ordinary shares subject to possible redemption, from 6,900,000 to 1,817,787, according to the filing.

The company reported operating losses of $(96,905) for Q3 2026 and $(492,917) for the nine months ended September 30, 2026, attributable to formation, general and administrative expenses. These losses were offset by interest income earned on the Trust Account: $378,192 for the three-month period and $1,623,156 for the nine-month period. The result was net income of $281,287 for Q3 2026 and $1,130,239 for the nine months ended September 30, 2026, the filing stated. For comparison, net income for the nine months ended September 30, 2025 was $668,571.

The filing also noted extension payments to the Trust Account of $202,540 during Q3 2026. The deferred underwriting fee payable remained unchanged at $2,415,000. Cash on hand decreased to $176,425 at September 30, 2026 from $756,592 at December 31, 2025. The company is classified as a smaller reporting company and an emerging growth company, and confirmed its shell company status in the filing. The 2,005,000 non-redeemable ordinary shares outstanding are held separately from the redeemable public shares, with the company authorized to issue up to 500,000,000 ordinary shares at $0.0001 par value.

What Was Disclosed

Lakeshore Acquisition III Corp. filed a quarterly report covering the period ended September 30, 2026, disclosing a Trust Account balance of $19,458,072, net income of $1,130,239 for the nine-month period, and total shareholders' deficit of $(2,217,325).