Lakeside Holding (LSH) Registration Filing summary

Company overview and business model

• U.S.-based cross-border supply chain solution provider focused on the Asia-Pacific market, operating through subsidiaries American Bear Logistics and Hupan Pharmaceutical (Hubei) Co., Ltd.

• Offers customized cross-border ocean and airfreight solutions, including freight consolidation, customs clearance, warehousing, and U.S. domestic ground transportation.

• Serves over 300 customers, primarily logistics companies for e-commerce and manufacturers transporting goods from Asia to the U.S.

• Operates major warehousing and distribution centers in Illinois and Texas, with a network of over 150 partner warehouses nationwide.

• Strategic focus on the Asian market, with a significant portion of revenue from China and South Korea.

Financial performance and metrics

• Fiscal year ended June 30, 2024: revenue of $18.3 million, up 42.3% from $12.9 million in 2023.

• Gross profit for 2024 was $3.7 million, up from $2.6 million in 2023.

• For the six months ended December 31, 2024, revenue decreased 15.4% to $7.7 million, with gross profit of $480,308, down from $1.7 million in the prior year period.

• As of March 31, 2024, accounts receivable net of allowance was approximately $2.8 million.

Use of proceeds and capital allocation

• Company will not receive proceeds from the resale of shares by the selling stockholder; proceeds from any cash exercise of warrants will go to the company.

• No plans to pay dividends in the foreseeable future; earnings will be retained to finance business growth.