Launchpad Cadenza (LPCV) discloses 5.75M founder Class B shares, 20% stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
Launchpad Cadenza Acquisition Corp I files a Schedule 13G disclosing beneficial ownership of 5,750,000 Class B founder shares. The filing states those Class B shares are convertible one-for-one into Class A Ordinary Shares and represent 20.0% on a converted basis, using 23,000,000 Class A shares issued and outstanding as of March 27, 2026. The report names Launch Sponsor LLC, Launch Management Sponsor LLC, and managing members Ryan Gilbert and Shami Patel as reporting persons with voting and investment discretion over the founder shares; ownership is reported as of December 31, 2025.
Positive
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Key Figures
Founder shares reported: 5,750,000 shares
Converted stake: 20.0%
Class A outstanding used: 23,000,000 shares
+2 more
5 metrics
Founder shares reported
5,750,000 shares
Class B Ordinary Shares beneficially owned as of December 31, 2025
Converted stake
20.0%
Percent of Class A on conversion using 23,000,000 Class A outstanding as of March 27, 2026
Class A outstanding used
23,000,000 shares
Class A Ordinary Shares issued and outstanding as of March 27, 2026
Excluded warrant shares
2,783,334 shares
Class A shares purchasable upon exercise of warrants not presently exercisable
CUSIP
G6001S123
Class A Ordinary Shares CUSIP shown on filing
Key Terms
Class B Ordinary Shares, founder shares, beneficially own, automatically convertible, +1 more
5 terms
beneficially own regulatory
"the Reporting Persons may be deemed to beneficially own 5,750,000"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
automatically convertible financial
"automatically convertible into Issuer's Class A ordinary shares"
Schedule 13G regulatory
"LAUNCHPAD CADENZA ACQUISITION CORP I files a Schedule 13G"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
What stake does Launch Sponsor report in LPCV?
The report shows 5,750,000 Class B founder shares, representing 20.0% on a converted basis. This percentage is calculated using 23,000,000 Class A Ordinary Shares outstanding as of March 27, 2026 and assuming conversion of all Class B shares.
Who are the reporting persons on the Schedule 13G for LPCV?
The filing lists Launch Sponsor LLC, Launch Management Sponsor LLC, and individuals Ryan Gilbert and Shami Patel. Gilbert and Patel are managing members with voting and investment discretion over the securities held by Launch Sponsor LLC.