# ProSomnus signs business combination agreement with Lakeshore Acquisition I Corp

ProSomnus, a sleep apnea device manufacturer, signed a definitive agreement to be acquired by Lakeshore Acquisition I Corp for $125 million, with a combined value of $168 million. The deal includes $30 million in convertible notes and a potential $10 million PIPE.

- Type: Acquisition
- Announced: 2022-05-11
- Where: United States
- Value: $125.0M
- Status: announced
- Products: oral appliance therapy devices for sleep apnea
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [ProSomnus](https://endata.com/companies/62811.md) (target)
- [Lakeshore Acquisition I Corp](https://endata.com/companies/62812.md) (acquirer)

## Sources

- [medicaldevice-network.com](https://www.medicaldevice-network.com/deals-dashboards/prosomnus-combination-agreement-lakeshore/), 2022-05-11: "Having treated over 150,000 patients and received overwhelmingly positive feedback, we believe ProSomnus has the potential to drastically help people who are suffering from obstructive sleep apnea."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.