Launch Two Acquisition Corp. Announces the Pricing of $200,000,000 Initial Public Offering
October 07 2024 - 4:15PM
Launch Two Acquisition Corp. (the “Company”) announced today the
pricing of its initial public offering of 20,000,000 units. The
units are expected to be listed on The Nasdaq Stock Market LLC
(“Nasdaq”) and begin trading tomorrow, October 8, 2024, under the
ticker symbol “LPBBU.” Each unit consists of one Class A ordinary
share and one-half of one redeemable warrant, each whole warrant
entitling the holder thereof to purchase one Class A ordinary share
at a price of $11.50 per share, subject to certain adjustments. No
fractional warrants will be issued upon separation of the units and
only whole warrants will trade. Once the securities constituting
the units begin separate trading, the Class A ordinary shares and
warrants are expected to be listed on Nasdaq under the symbols
“LPBB” and “LPBBW,” respectively. The offering is expected to close
on October 9, 2024, subject to customary closing conditions. The
Company has granted the underwriters a 45-day option to purchase up
to an additional 3,000,000 units at the initial public offering
price to cover over-allotments, if any.
The Company is a blank check company formed for
the purpose of effecting a merger, amalgamation, share exchange,
asset acquisition, share purchase, reorganization or similar
business combination with one or more businesses. The Company may
pursue an acquisition opportunity in any business or industry or at
any stage of its corporate evolution. The Company’s primary focus,
however, will be on technology and software infrastructure
companies whose products and services target financial services,
real estate and asset management companies. The Company will pursue
completing a business combination with an established business of
scale poised for continued growth, led by a highly regarded
management team.
The Company’s management team is led by James J.
McEntee III, its Chief Executive Officer and Chairman of the Board
of Directors (the “Board”), and Jurgen van de Vyver, its Chief
Financial Officer. The Board also includes Lynn Eisenhart, Jeffrey
M. Shanahan, and Alfred J. Pierce III.
Cantor Fitzgerald & Co. is acting as sole
book-running manager for the offering.
The offering is being made only by means of a
prospectus. When available, copies of the prospectus may be
obtained from Cantor Fitzgerald & Co., Attention: Capital
Markets, 499 Park Avenue, 5th Floor New York, New York 10022, or by
email at prospectus@cantor.com.
A registration statement relating to the
securities has been filed with the U.S. Securities and Exchange
Commission (“SEC”) and became effective on October 7, 2024. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the proposed initial public offering and search for an initial
business combination. No assurance can be given that the offering
discussed above will be completed on the terms described, or at
all.
Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the “Risk Factors” section of
the Company’s registration statement and prospectus for the
Company’s initial public offering filed with the SEC. Copies of
these documents are available on the SEC’s website, www.sec.gov.
The Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
Investor Contacts
Launch Two Acquisition Corp.Jurgen van de
Vyverjurgen@launchpad.vc(510) 692-9600
Launch Two Acquisition (NASDAQ:LPBB)
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