Item 5. Market for Registrant’s Common Equity
Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
Our Units began trading on The Nasdaq Global Market under the symbol “LKSPU”, on October 8, 2025. On October 31, 2025, we announced that holders of our Units could elect to separately trade our Class A Common Stock and Rights included in the Units commencing on or about November 6, 2025. On November 6, 2025, our shares of common stock and Rights became available for separate trading on Nasdaq under the symbols “LKSP,” and “LKSPR,” respectively.
Shareholders
As of February 12, 2026, we had 11,860,000 outstanding shares of Class A Common Stock, 3,833,333 outstanding shares of Class B Common Stock, one holder of record of our Class A Common Stock and six holders of record of our Class B Common Stock.
Unregistered Sales of Securities
On September 9, 2024, the Company issued 5,750,000 Class B ordinary shares (the “Founder Shares”) to the Sponsor for an aggregate purchase price of $25,000, or approximately $0.0043 per share. In March 2025, the Sponsor reduced its purchase of Founder Shares from 5,750,000 shares to 3,833,333 shares for the same aggregate purchase price of $25,000, including up to 500,000 Founder Shares that were subject to forfeiture depending on the extent to which the underwriters’ over-allotment option was exercised.
The number of Founder Shares issued was determined based on the expectation that such Founder Shares would represent approximately 25% of the Company’s outstanding ordinary shares upon completion of the initial public offering. As a result of the underwriters’ full exercise of their over-allotment option on October 8, 2025, no Founder Shares remain subject to forfeiture.
The issuance of the Founder Shares was made pursuant to the exemption from registration provided under Section 4(a)(2) of the Securities Act of 1933, as amended. No underwriting discounts or commissions were paid in connection with such issuance.
Issuer Purchases of Equity Securities
We did not repurchase any of our equity securities during the year ended December 31, 2025.
Item 6. [RESERVED]
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