Lakeshore Acquisition II Corp. announced a private placement to issue unsecured promissory note for the gross proceeds of $80,000 on July 7, 2023. The transaction included participation from returning investor Nature's Miracle Inc. The note does not bear interest and matures upon the earlier of the closing of the company’s initial business combination and December 11, 2023.

If the company does not consummate a business combination, the note will be repaid only from amounts remaining outside of the company’s trust account, if any. The notes will be converted into 2,000 shares of class A common stock.