Launch One Acquisition Corp. (NASDAQ: LPBB) is a blank check special purpose acquisition company (SPAC) formed to identify, evaluate, and acquire a technology business in the financial services, real estate, or asset management industries. The company generates no operating revenue. It is funded by its October 2024 initial public offering, which placed $231,150,000 into a Trust Account maintained by Continental as trustee, plus $7,075,000 raised through a concurrent private placement of warrants to its Sponsor and Cantor. The company must complete its initial Business Combination by October 9, 2026, the end of its 24-month Combination Period. Leadership is provided by CEO and Chairman Jay McEntee and CFO Jurgen van de Vyver, with advisors Ryan Gilbert and Shami Patel. As of December 31, 2025, the redemption price was approximately $10.58 per Public Share before taxes.
Blank check acquisition vehicle targeting technology businesses in financial services, real estate, or asset management. Key instruments include Public Shares, Public Warrants, and Private Placement Warrants. Private Placement Warrants: 7,075,000 issued at $1.00 each at IPO close (October 2024), with 4,500,000 purchased by the Sponsor and 2,575,000 purchased by Cantor.
No operating revenue. The company holds IPO proceeds and private placement proceeds in a Trust Account and earns interest on those funds until a Business Combination is completed or capital is returned to shareholders.
Public Shareholders who purchased Class A Ordinary Shares in the October 2024 IPO. Target acquisition end markets are financial services, real estate, and asset management technology businesses.
Incorporated as a Cayman Islands entity, listed on a U.S. exchange, with stated willingness to acquire businesses in foreign countries as noted in the FY2025 10-K filed March 27, 2026.
Source: SEC 10-K, filed 2026-03-27
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