Lake Superior Acquisition Corp LKSP
We are a blank check company, incorporated as a BVI business company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We are an emerging growth company and, as such, are subject to all the risks associated with emerging growth companies. Unless otherwise indicated or the context requires otherwise, the words "we," "us," "our," the "Company," "our Company" "Lake Superior" or "LKSP" refer to Lake Superior Acquisition Corp., a BVI corporation.
Our Sponsor is Lake Superior Investments LLC, a Delaware limited liability company. Our Sponsor was established by Edward Cong Wang to leverage his extensive experience in acquiring, building, operating and scaling global financial services and complex operations businesses in constantly evolving environments. Mr. Wang has over 15 years of global M&A experience and expertise and has held senior leadership positions as the Chairman, President and Chief Executive Officer at Pacifico Acquisition Corp. (Nasdaq: PAFO) and as Chief Financial Officer at Redwoods Acquisition Corp. (Nasdaq: RWOD).
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| SG&A | $360.2K | — | — |
| Operating income | -$360.2K | — | — |
| Pre-tax income | $666.0K | — | — |
| Income tax | $0 | — | — |
| Net income | $666.0K | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and equivalents | $485.9K | $129.3K | $0 |
| Total current assets | $560.2K | $129.3K | — |
| Total assets | $116.6M | $213.2K | — |
| Accounts payable | $6.2K | $43.9K | — |
| Total current liabilities | $128.3K | $250.9K | — |
| Total liabilities | $4.7M | $250.9K | — |
| Retained earnings | -$4.2M | -$62.7K | — |
| Total equity | -$4.2M | -$37.7K | $0 |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Operating cash flow | -$444.4K | — | — |
| Investing cash flow | -$115.0M | — | — |
| Financing cash flow | $115.8M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001477932-26-000781.
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| FGII | FG Imperii Acquisition Corp. | $289.7M | — | — |
| SOUL | Soulpower Acquisition Corp. | $268.0M | — | — |