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SPAC · Deal announced · LKSP

Lake Superior Acquisition Corp

Business combination with Openmarkets Group Pty Ltd

Lake Superior Acquisition Corp (LKSP) is a blank-check company (SPAC) that raised $100M in its initial public offering on Oct 7, 2025. It agreed to combine with Openmarkets Group Pty Ltd, announced on Jan 23, 2026, at a stated value of $300M. The deal has not closed yet. Loeb & Loeb advised the SPAC and Morgan Lewis advised the underwriters on the IPO.

Trading and wealth management technology provider

Status
Deal announced
Ticker
LKSP
IPO date
Oct 7, 2025
IPO size
$100M
Target
Openmarkets Group Pty Ltd
Target sector
Fintech
Announced
Jan 23, 2026
Stated deal value
$300M
SPAC counsel (IPO)
Loeb & Loeb and Forbes Hare
Underwriters' counsel (IPO)
Morgan Lewis

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