Lakeshore Acquisition II Corp. announced that it has issued unsecured promissory note for the gross proceeds of $20,000 on December 7, 2023. The transaction included participation from returning investor Nature?s Miracle.

The Note will be issued at par value. The Note does not bear interest and matures upon the earlier of the closing of the Company?s initial business combination and March 11, 2024. In the event that the Company does not consummate a business combination, the Note will be repaid only from amounts remaining outside of the Company?s trust account, if any.

The proceeds of the Note have been deposited in the Company?s trust account in connection with extending the business combination completion window until January 11, 2024. The company also agreed to cause 2,000 shares of Class A common stock of the post-Business Combination company to be issued to Nature?s Miracle or its designee following the closing of the Business Combination.