IPO - Lakeside Holding Ltd

Form Type: S-1/A

Filing Date: 2025-04-04

Corporate Action: Ipo

Type: Update

Accession Number: 000121390025028772

Filing Summary: This document is an Amendment No. 1 to the Form S-1 Registration Statement, filed by Lakeside Holding Limited with the SEC on April 4, 2025. It outlines the offering of up to 7,967,331 shares of common stock by the selling stockholder, which includes shares issuable upon conversion of senior convertible promissory notes and exercise of warrants. The Company operates as a cross-border supply chain solution provider focusing on the Asia-Pacific market, offering ocean freight and airfreight solutions. Recent growth is noted, with revenues of $18.3 million for the fiscal year ending June 30, 2024, and a significant customer base serving large e-commerce platforms. The company also addresses various risk factors impacting its operations, such as competition and macroeconomic conditions. Notably, Lakeside is classified as an 'emerging growth company' under U.S. federal securities law, allowing it to comply with reduced reporting requirements. The document indicates that this registration is necessary for the resale of common stock to meet registration rights granted in prior financing agreements.

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Form Type: S-1

Filing Date: 2025-03-19

Corporate Action: Ipo

Type: New

Accession Number: 000121390025025148

Filing Summary: This Registration Statement on Form S-1 is filed by Lakeside Holding Limited for the proposed initial public offering (IPO) of its common stock. The offering includes up to 7,967,331 shares of common stock, which comprises 7,398,504 shares issuable upon conversion of senior secured convertible promissory notes and 568,827 shares that may be issued upon the exercise of warrants. The document outlines the company's operations as a cross-border supply chain solution provider, emphasizing its focus on the Asia-Pacific market through subsidiaries American Bear Logistics and Hupan Pharmaceutical. As of June 30, 2024, Lakeside had served over 300 customers with total revenues of $18.3 million, illustrating the company's significant growth since its inception in 2018. The company aims to use this offering to expand its operations, enhance service offerings, and solidify market position against competitors. It is also classified as a smaller reporting and emerging growth company, which will allow it to leverage certain exemptions from full reporting requirements. Key risks associated with this investment include competition, dependence on service providers, and macroeconomic factors affecting demand for cross-border supply chains. This preliminary prospectus is subject to change and is not an offer to sell or a solicitation of an offer to buy the securities until the registration statement is effective.

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Form Type: 10-Q

Filing Date: 2025-02-14

Corporate Action: Ipo

Type: New

Accession Number: 000121390025014238

Filing Summary: Lakeside Holding Limited completed its initial public offering (IPO) on July 1, 2024, with the issuance of 1,500,000 shares at a price of $4.50 per share, resulting in gross proceeds of approximately $6.75 million. The net proceeds from the IPO amounted to around $5.79 million after deducting associated costs. The company's stock began trading on the Nasdaq Capital Market under the symbol 'LSH'. As of December 31, 2024, Lakeside reported total assets of $9.84 million and liabilities of $8.19 million, with an equity of $1.65 million. The financial statements reflect a significant net loss for the reporting period ending December 31, 2024, amounting to $3.28 million. The company focuses on providing cross-border freight solutions and has undergone a reorganization affecting its corporate structure, including a 120-for-1 stock split conducted on March 29, 2024. As of the report date, Lakeside had 7,500,000 shares of common stock outstanding, with the company primarily controlled by its management team, who hold 76.0% equity interest through multiple entities.

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