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Leapfrog Acquisition Corp

Leapfrog Acquisition Corp (NASDAQ: LFAC) is a blank-check special purpose acquisition company incorporated in the Cayman Islands on June 20, 2025, formed to identify and complete a merger or acquisition with a target business. The company generates no operating revenue. Its only income prior to a business combination is non-operating interest income on proceeds held in trust from its Initial Public Offering, completed December 2025. As of December 31, 2025, LFAC had not commenced any operations. The company is focused on targets in sectors tied to critical and strategic materials, including supply chains for minerals used in renewable energy and battery technologies, based on disclosures in its 10-K filed March 20, 2026. Executive offices are located at 350 Springfield Avenue, Suite 200, Summit, New Jersey 07901. The IPO was underwritten by BTIG, and the sponsor entity is LeapFrog Partners LLC, which received 4,791,667 Class B ordinary shares in exchange for $25,000 in formation costs paid August 6, 2025.

Products & Services

LFAC offers no products or services. Its sole activity through December 31, 2025 was company formation and execution of its Initial Public Offering. Securities issued include Class A ordinary shares, Class B founder shares, units, and warrants.

Revenue Model

No operating revenue as of December 31, 2025. Pre-combination income is limited to interest earned on IPO proceeds held in a trust account. The company's financial model depends entirely on completing an initial business combination.

Customers & Markets

LFAC has no customers. Its target acquisition sectors, as described in the 10-K filed March 20, 2026, include critical minerals, strategic materials, renewable energy supply chains, and battery technology value chains.

Geographic Exposure

Incorporated in the Cayman Islands. Executive offices in Summit, New Jersey, as of December 31, 2025. The 10-K notes the company may pursue targets with operations outside the United States.

Financial Snapshot

Revenue
Last 4 Quarters
N/A
Gross Margin
Last 4 Quarters
N/A
Net Income
TTM
$2.068M
Current Assets
2026 Q2
Current Liabilities
2026 Q2
Current Ratio
2026 Q2
1877.35%
Total Assets
2026 Q2
Total Liabilities
2026 Q2
Book Value
2026 Q2
$142.6M
Cash
2026 Q2
P/E
TTM
95.65
Free Cash Flow
Last 4 Quarters
N/A

Stock Price

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Market Cap: $197.77 Million

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