--- title: "LAKE SUPERIOR ACQUISITION CORP COM NPV(S/R 19/09/2030) | 10-K: FY2025 Revenue: USD 0" type: "news" locale: "en" url: "https://longbridge.com/en/news/275809811.md" published_at: "2026-02-12T21:25:52.000Z" --- # LAKE SUPERIOR ACQUISITION CORP COM NPV(S/R 19/09/2030) | 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. #### Segment Overview Lake Superior Acquisition Corp. operates as a single segment, focusing on effecting a business combination. #### Operational Metrics - **Net Income (Loss)**: For the year ended December 31, 2025, the company reported a net income of $666,033, which is a significant improvement compared to a net loss of - $62,691 for the period from March 19, 2024 (inception) through December 31, 2024. - **Interest Income from Trust Account**: The company generated $1,026,206 in interest income from its Trust Account for the year ended December 31, 2025, whereas no interest income was earned in the prior period. - **General and Administrative Expenses**: General and administrative expenses were $360,173 for the year ended December 31, 2025, up from $62,691 for the period from March 19, 2024 (inception) through December 31, 2024. #### Cash Flow and Liquidity - **Cash (outside Trust Account)**: As of December 31, 2025, the company held $485,927 in cash outside the Trust Account, compared to $129,309 as of December 31, 2024. - **Working Capital**: Working capital amounted to $431,882 as of December 31, 2025. - **Investments held in Trust Account**: As of December 31, 2025, $116,026,206 was held in the Trust Account, invested in money market funds that hold U.S. Treasury securities. #### Unique Metrics and Business Combination Details - **IPO Proceeds**: On October 8, 2025, the company consummated its IPO, selling 11,500,000 units at $10.00 per unit, generating gross proceeds of $115,000,000. - **Private Placement Proceeds**: Simultaneously, a private placement of 360,000 units at $10.00 per unit generated $3,600,000 in proceeds. - **Transaction Costs**: Total transaction costs were $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. - **Promissory Note (related party)**: As of December 31, 2025, - $94,360 was outstanding under a promissory note from a related party, compared to - $200,000 as of December 31, 2024. #### 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 OMG into a wholly-owned subsidiary. The OMG Seller is expected to receive approximately 30,000,000 Purchaser Shares initially, with potential for up to an additional 70,000,000 Milestone Shares based on specific license approvals and performance targets by December 31, 2028. The company faces an April 8, 2027, deadline to complete a business combination, after which it would cease operations and liquidate, raising substantial doubt about its ability to continue as a going concern without a successful combination. ### Related Stocks - [LKSPR.US - LAKE SUPERIOR ACQUISITION CORP COM NPV(S/R 19/09/2030)](https://longbridge.com/en/quote/LKSPR.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Aygaz Proposes To Pay Cash Dividend At Gross 12.55 Lira Per Share For 2025 | AYGAZ :SAID ON FRIDAY, PROPOSES TO PAY CASH DIVIDEND AT GROSS 12.55 LIRA, NET 10.67 LIRA PER SHARE FOR 2025 Source text | [Link](https://longbridge.com/en/news/276033091.md) | | Barka Desalination FY Dividend Upto 12 Baisas Per Share | BARKA DESALINATION COMPANY SAOGM):BARKA DESALINATION FY CASH DIVIDEND UPTO 12 BAISAS PER SHARE | [Link](https://longbridge.com/en/news/276300063.md) | | AECI Expects FY HEPS To Be Between 1,022 And 1,131 Cents | AECI Ltd :JSE: AFE - AFEP - TRADING STATEMENT AND OPERATIONAL UPDATE FOR THE YEAR ENDED 31 DECEMBER 2025AECI LTD - EXPEC | [Link](https://longbridge.com/en/news/276032806.md) | | 12:01 ETAstroTurf® Great Lakes Named Distributor of the Year | AstroTurf® has awarded AstroTurf Great Lakes the title of Distributor of the Year, recognizing their exceptional perform | [Link](https://longbridge.com/en/news/276360364.md) | | 09:12 ETNew Typeform Research Reveals 95% of Marketers Now Use AI | Typeform's new report reveals that 95% of marketers now use AI, with 74% relying on it regularly. The top applications i | [Link](https://longbridge.com/en/news/276134804.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.