Lake Superior Acquisition swings to Q2 FY26 profit of $852,978 from loss of $61,535 a year earlier

• Lake Superior Acquisition posts GAAP net income of USD 852,978 for the quarter ended June 30, 2026, versus a GAAP net loss of USD 61,535 a year earlier.
• Interest earned on investments held in the Trust Account totals USD 1.04 million, while general and administrative expenses run USD 182,522.
• Six-month GAAP net income rises to USD 1.49 million, compared with a GAAP net loss of USD 109,799 in the prior-year period.
• Cash outside the Trust Account stands at USD 135,803, alongside a working capital deficit of USD 136,860.
• Proposed merger with Openmarkets Group targets about 30,000,000 shares of exchange consideration, with up to 70,000,000 milestone shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lake Superior Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-004987), on August 13, 2026, and is solely responsible for the information contained therein.