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Launch One Acquisition Corp. (Nasdaq: LPAAU) has announced that starting September 3, 2024, holders of units from its initial public offering can choose to trade the company's Class A ordinary shares and warrants separately. The Class A ordinary shares will trade under the symbol LPAA, while the warrants will trade under LPAAW on the Nasdaq Global Market. Unseparated units will continue trading under LPAAU.
Key points:
- Only whole warrants will be tradable
- No fractional warrants will be issued
- The announcement does not constitute an offer to sell or solicit offers to buy securities
- Sales in states or jurisdictions require proper registration or qualification under local securities laws
Launch One Acquisition Corp. has completed its initial public offering, raising $230 million by selling 23 million units at $10 per unit. Each unit comprises one Class A ordinary share and half a redeemable warrant. The units are trading on Nasdaq under the symbol 'LPAAU'. The company, a blank check entity, aims to merge with or acquire businesses, focusing primarily on healthcare and life sciences globally. Led by Ryan Gilbert as Chairman and Chris Ehrlich as CEO, Launch One seeks established, growth-oriented businesses. $230 million from the IPO and private placement has been placed in trust.
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