WASHINGTON, D.C. – Congratulations to the deal team of partners Peter Strand and Andy Tucker, with support from partner Wells Hall and associate Kaylen Loflin, on the representation of ProSomnus Sleep Technologies (“ProSomnus”) in connection with its closing of its de-SPAC business combination with Lakeshore Acquisition I Corp. (“Lakeshore”). The resulting company is named ProSomnus, Inc. and trades on the Nasdaq Global Market under the symbol “OSA.” Nelson Mullins also represented ProSomnus in the simultaneous closing of a $30 million convertible notes offering and $10.3 million PIPE offering of common stock. 

ProSomnus is the first manufacturer of precision, mass-customized Precision Oral Appliance Therapy devices to treat OSA, which affects more than 74 million Americans and is associated with serious comorbidities, including heart failure, stroke, hypertension, morbid obesity, and type 2 diabetes. ProSomnus’ patented devices are a more comfortable and less invasive alternative to Continuous Positive Airway Pressure (“CPAP”) therapy, and lead to more effective and patient-preferred outcomes.

Lakeshore is a blank check company newly incorporated as a Cayman Islands exempted company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities.

Strand practices in the area of corporate and securities law. He represents both investment banks and issuers in a wide variety of public and private offerings, including initial public offerings, follow-on offerings, Rule 144A offerings of equity or debt, and Regulation D institutional private offerings.

Tucker is a corporate and securities advisor to growing companies, particularly in the technology and government contracting sectors. He assists his clients with a broad variety of transactional support, including venture capital and private equity transactions, joint ventures, mergers and acquisitions, and public and private securities offerings.

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