Lake Superior Acquisition Corp. Announces Pricing of $100 Million Initial Public Offering

NEW YORK, Oct. 6, 2025 /PRNewswire/ -- Lake Superior Acquisition Corp. (the "Company") a newly organized blank check company incorporated as a British Virgin Islands exempted company and led by Chief Executive Officer Edward Cong Wang today announced the pricing of its initial public offering of 10,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-seventh (1/7) of one right. Each whole right is convertible into one Class A ordinary share at the closing of the Company's initial business combination. The units are expected to trade on the Nasdaq Global Market ("Nasdaq") under the ticker symbol "LKSPU" beginning on October 7, 2025. Once the securities comprising the units begin separate trading, the Company expects that the Class A ordinary shares and rights will be listed on Nasdaq under the symbols "LKSP" and "LKSPR," respectively.

Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC ("CCM"), is acting as the sole book-running manager for the offering. Loeb & Loeb LLP is serving as legal advisor to the Company. Morgan, Lewis & Bockius LLP is serving as legal advisor to CCM.

The Company has granted the underwriter a 45-day option to purchase up to 1,500,000 additional units at the initial public offering price to cover over-allotments, if any. The initial public offering is expected to close on October 8, 2025, subject to customary closing conditions.

A registration statement on Form S-1, as amended (File No. 333-287114) (the "Registration Statement") relating to these securities  was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on September 30, 2025. The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained by contacting Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: [email protected], or from the SEC website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Lake Superior Acquisition Corp .

Lake Superior Acquisition Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While it may pursue an initial business combination opportunity in any industry or sector, it intends to capitalize on the ability of its management team to identify, acquire and operate a business or businesses that can benefit from its management team's established global relationships, sector expertise and active management and operating experience. The company is lead by Edward Cong Wang its CEO and Chairman.

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related preliminary prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

SOURCE Lake Superior Acqusition Corp