Launch One Acquisition Corp.
launchoneacquisitioncorp.comLaunch One Acquisition Corp (NASDAQ: LPAA) is a blank check company incorporated on February 21, 2024 as a Cayman Islands exempted company, formed for the purpose of effecting a business combination with one or more businesses or entities. It has generated no operating revenues and does not expect to generate operating revenues until it consummates an initial Business Combination. The company raised $230,000,000 in gross proceeds from its Initial Public Offering of 23,000,000 Units, completed July 15, 2024, with those proceeds held in a Trust Account. Income reported for FY2025 consisted of $9,919,832 in interest earned on cash and marketable securities held in the Trust Account, against which operating costs were applied. The management team is composed of senior life sciences executives, including Chairman Ryan Gilbert, CEO Chris Ehrlich, and CFO Jurgen van de Vyver. A planned Business Combination with Minovia was terminated on January 30, 2026. As of the 10-K filed March 27, 2026, the company is searching for an alternative Business Combination target.
Products & Services
Units sold in the IPO, each consisting of one Class A Ordinary Share and one-half of one Public Warrant. Each whole Public Warrant entitles the holder to purchase one Class A Ordinary Share at $11.50 per share. Private Placement Warrants were also issued to the Sponsor and Cantor Fitzgerald & Co. simultaneously with the IPO closing.
Revenue Model
No operating revenue. Income is generated entirely from interest earned on marketable securities held in the Trust Account. For FY2025, interest earned on Trust Account assets was $9,919,832. For the period from inception (February 21, 2024) through December 31, 2024, interest earned was $5,404,164.
Customers & Markets
Public shareholders who purchased Units in the IPO at $10.00 per Unit. The company's stated acquisition focus is the life sciences sector, given its management team composition, though the filing states it may pursue a Business Combination in any business or industry.
Geographic Exposure
Incorporated in the Cayman Islands. Listed on Nasdaq. No operating business or geographic revenue exposure as of the 10-K filed March 27, 2026.
Source: SEC 10-K, filed 2026-03-27
Financial Snapshot
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