US EditionLAKESIDE HOLDING ANNOUNCES A CONVERTIBLE DEBT FINANCING OF UP TO $4.5 MILLION
- Lakeside Holding Limited announced a convertible debt financing agreement for up to $4.5 million through senior secured convertible promissory notes, which includes 40% warrant coverage and is to be drawn in tranches.
- The Company closed the first tranche on March 5, 2025, selling a Note for $1,000,000, resulting in gross proceeds of $930,000.
- Lakeside plans to use the net proceeds from this offering for working capital purposes, enhancing its logistics capabilities.
- Lakeside recently acquired Hupan Pharmaceutical Co., Ltd., strengthening its focus on pharmaceutical logistics within China.
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LAKESIDE HOLDING ANNOUNCES A CONVERTIBLE DEBT FINANCING OF UP TO $4.5 MILLION
ITASCA, Ill., March 5, 2025 /PRNewswire/ -- Lakeside Holding Limited ("Lakeside" or the "Company") (Nasdaq: LSH), a U.S.-based cross-border supply chain solution provider with a unique focus on the Asia-Pacific market operating through two specialized subsidiaries—American Bear Logistics and Hupan…
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