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Launch Two Acquisition Corp. (Nasdaq: LPBBU) has announced that starting November 29, 2024, holders of units from the company's initial public offering can choose to trade Class A ordinary shares and warrants separately. The separated Class A ordinary shares and warrants will trade under the symbols LPBB and LPBBW respectively on the Nasdaq Global Market. Unseparated units will continue trading under LPBBU. Only whole warrants will be traded, with no fractional warrants being issued upon unit separation.
Launch Two Acquisition Corp. has completed its initial public offering (IPO), raising $230 million through the sale of 23,000,000 units at $10.00 per unit, including 3,000,000 units from the underwriters' over-allotment option. Trading began on October 8, 2024 under the ticker symbol LPBBU on the Nasdaq Global Market. Each unit includes one Class A ordinary share and one-half of a redeemable warrant, with each whole warrant allowing the purchase of one Class A share at $11.50. The proceeds, including those from a private placement of warrants, total $231,150,000 and are placed in trust. The company, led by CEO James J. McEntee III and CFO Jurgen van de Vyver, aims to merge with a technology or software infrastructure company serving financial services, real estate, and asset management sectors. Cantor Fitzgerald & Co. acted as the sole book-running manager.
Launch Two Acquisition Corp. has announced the pricing of its initial public offering (IPO) of 20,000,000 units at $200,000,000. The units, consisting of one Class A ordinary share and one-half of one redeemable warrant, are expected to begin trading on Nasdaq under the symbol 'LPBBU' on October 8, 2024. The company, a blank check company, aims to merge or acquire businesses, focusing on technology and software infrastructure companies targeting financial services, real estate, and asset management sectors.
The IPO is expected to close on October 9, 2024, with Cantor Fitzgerald & Co. acting as the sole book-running manager. The company has granted underwriters a 45-day option to purchase up to an additional 3,000,000 units to cover over-allotments. Launch Two Acquisition Corp.'s management team is led by James J. McEntee III as CEO and Chairman, and Jurgen van de Vyver as CFO.
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