- Lake Superior Acquisition Corp. has entered into an Investment Management Trust Agreement and a Share Rights Agreement, both effective **October 6, 2025**, in connection with its initial public offering.  **[2043508_0001477932-25-007478_lake_ex102.htm:0]** **[2043508_0001477932-25-007478_lake_ex41.htm:0]** 
- The company is offering **10,000,000 firm units** at an initial public offering price of **$10.00 per unit**, with underwriters purchasing them at **$9.40 per unit**.  **[2043508_0001477932-25-007478_lake_ex11.htm:1]** 
- Each unit comprises **one Class A ordinary share** and **one-seventh of one right**, with each whole right entitling the holder to one ordinary share upon consummation of a business combination.  **[2043508_0001477932-25-007478_lake_ex102.htm:0]** **[2043508_0001477932-25-007478_lake_ex41.htm:0]** **[2043508_0001477932-25-007478_lake_ex11.htm:1]** 
- **US$100,000,000** of the gross proceeds from the offering (or **US$115,000,000** if the over-allotment option is fully exercised) will be deposited into a segregated trust account.  **[2043508_0001477932-25-007478_lake_ex102.htm:0]** 
- **US$4,000,000** in deferred underwriting discounts and commissions (or **US$4,600,000** if the over-allotment option is fully exercised) will be payable upon the consummation of a business combination.  **[2043508_0001477932-25-007478_lake_ex102.htm:0]**

Lake Superior Acquisition (LKSP)