--- title: "Lake Superior Acquisition - Unit | 10-K: FY2025 Revenue: USD 0" type: "news" locale: "en" url: "https://longbridge.com/en/news/275809799.md" published_at: "2026-02-12T21:25:42.000Z" --- # Lake Superior Acquisition - Unit | 10-K: FY2025 Revenue: USD 0 Revenue: As of FY2025, the actual value is USD 0. EPS: As of FY2025, the actual value is USD 0.1. EBIT: As of FY2025, the actual value is USD -1.386 M. Lake Superior Acquisition Corp. is a blank check company with no operational history or generated revenue to date, focusing on organizational activities and preparing for its Initial Public Offering (IPO) and subsequent business combination. Therefore, there are no traditional segmented revenues or operational costs to report . #### Operational Metrics - **Net Income (Loss)**: - For the year ended December 31, 2025, net income was $666,033, which included $1,026,206 in interest income from the Trust Account, offset by $360,173 in general and administrative expenses . - For the period from March 19, 2024 (inception) through December 31, 2024, the company recorded a net loss of - $62,691, entirely consisting of general and administrative expenses . - **Basic and Diluted Net Income (Loss) Per Share**: - For Class A ordinary shares subject to possible redemption, net income per share was $0.10 for 2025, compared to $0 for the 2024 period . - For Class A and Class B ordinary shares not subject to redemption, net income per share was $0.10 for 2025, compared to - $0.05 for the 2024 period . #### Cash Flow - **Net Cash Used in Operating Activities**: - \- $444,357 for the year ended December 31, 2025 . - \- $61,441 for the period from March 19, 2024, through December 31, 2024 . - **Net Cash Used in Investing Activities**: - \- $115,000,000 for the year ended December 31, 2025, representing the purchase of investments held in the Trust Account . - There was no investing activity for the period from March 19, 2024, through December 31, 2024 . - **Net Cash Provided by Financing Activities**: - $115,800,975 for the year ended December 31, 2025 . - $190,750 for the period from March 19, 2024, through December 31, 2024 . #### Liquidity and Capital Resources - As of December 31, 2025, the company had $485,927 in cash held outside of the Trust Account and $431,882 in working capital . - Investments held in the Trust Account amounted to $116,026,206 as of December 31, 2025 . - Transaction costs related to the IPO totaled $7,370,254, including a $2,300,000 cash underwriting fee, a $4,600,000 deferred underwriting fee, and $470,254 in other offering costs . #### Outlook / Guidance Lake Superior Acquisition Corp. entered into a definitive Business Combination Agreement with Openmarkets Group Pty Ltd (OMG) on January 23, 2026, aiming to merge with OMG and subsequently liquidate, transferring all assets and liabilities to the Purchaser . The Seller of OMG will receive approximately 30,000,000 Purchaser Shares, valued at $10.00 per share, with potential for up to an additional 70,000,000 Milestone Shares based on future performance and regulatory approvals . The company’s ability to continue as a going concern is subject to successfully completing this business combination or securing additional financing before its liquidation deadline of April 8, 2027 . ### Related Stocks - [LKSPU.US - Lake Superior Acquisition - Unit](https://longbridge.com/en/quote/LKSPU.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Schneider Electric S.E. Proposes Dividend for the Year Ended December 31, 2025 | Schneider Electric S.E. announced that aligned with the capital allocation framework set out in the CMD, the Board of Di | [Link](https://longbridge.com/en/news/277030750.md) | | Jardine Matheson Holdings Limited Proposes Final Dividend for the Year 2025, Payable on 14 May 2025 | Jardine Matheson Holdings Limited is recommending a final one-tier tax-exempt dividend of USD 0.85 per share (2024: USD | [Link](https://longbridge.com/en/news/277188324.md) | | South Korea total fertility rate at 0.80 in 2025, up from 0.75 in 2024 - data ministry | South Korea total fertility rate at 0.80 in 2025, up from 0.75 in 2024 - data ministry | [Link](https://longbridge.com/en/news/276822854.md) | | Celestia jumps 12% ahead of V7 launch – Can TIA’s rally escape consolidation? | Celestia's price surged over 12% to around $0.34 ahead of the Hibiscus V7 mainnet upgrade, driven by tightening supply a | [Link](https://longbridge.com/en/news/277128735.md) | | Permian Resources Earnings Report: Q4 Overview | Permian Resources (NYSE:PR) reported Q4 earnings on February 25, 2026, beating estimates by 37.04% with an EPS of $0.37 | [Link](https://longbridge.com/en/news/276939214.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.