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LAKESIDE 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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Cherokee Phoenix

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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…

6 days ago

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