Nature's Miracle to go public via a SPAC merger with Lakeshore Acquisition II in a $265m deal.

Nature's Miracle, a fast-growing agriculture technology company, agreed to go public via a SPAC merger with Lakeshore Acquisition II, a blank check company, in a $265m deal. "In the face of global energy shortage, food security, drought and life-style change, Nature's Miracle is excited to offer an alternative farming mode which saves transportation cost, reduces irrigation water requirements by up to 90% and ensures fresh and local supply of produces for health-conscious consumers. We have developed a robust pipeline of greenhouse projects in the U.S. and Canada for the next twenty-four months. By combining with Lakeshore, Nature's Miracle will be able to tap into the public equity and debt market to fund its aggressive growth plan going forward. We look forward to working with Lakeshore team to complete the transaction and to list on Nasdaq," Tie Li, Founder, Nature's Miracle Chairman and Chief Executive Officer.