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Launchpad Cadenza (LPCV) discloses 5.75M founder Class B shares, 20% stake

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.

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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
Class B Ordinary Shares financial
"represent Issuer's Class B ordinary shares...automatically convertible"
Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.
founder shares financial
"The 5,750,000 founder shares referred to in Rows..."
Founder shares are the ownership stakes given to the people who start a company, often with extra voting power or protections compared with ordinary shares. For investors, they matter because founders’ control and incentives influence decisions about strategy, hiring, and whether the company sells or stays independent — like a family that keeps majority voting rights in a household decision. High founder ownership can mean stable leadership but also a risk that outside shareholders have less influence.
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.





G6001S123

(CUSIP Number)
12/31/2025

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G




Comment for Type of Reporting Person: The 5,750,000 founder shares referred to in Rows 5, 7, and 9 represent Issuer's Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares") which are automatically convertible into Issuer's Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares") with or immediately following the Issuer's initial business combination (the "Business Combination") and may be converted at any time prior to the Business Combination at the option of the holder, as more fully described under the heading "Description of Securities-Founder Shares" in the Issuer's Registration Statement on Form S-1 (File No. 333-291425). Ryan Gilbert and Shami Patel are the managing members of Launch Management Sponsor LLC, the sole managing member of Launch Sponsor LLC, and have voting and investment discretion with respect to the securities held of record by Launch Sponsor LLC. The 5,750,000 founder shares referred to in Rows 5, 7, and 9 exclude 2,783,334 Class A Ordinary Shares which may be purchased by exercising warrants that are not presently exercisable. The percentage in Row 11 is based on 23,000,000 Class A Ordinary Shares issued and outstanding and 5,750,000 Class B Ordinary Shares issued and outstanding as of March 27, 2026, as reported in the Issuer's Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission on March 27, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: The 5,750,000 founder shares referred to in Rows 5, 7, and 9 represent Issuer's Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares") which are automatically convertible into Issuer's Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares") with or immediately following the Issuer's initial business combination (the "Business Combination") and may be converted at any time prior to the Business Combination at the option of the holder, as more fully described under the heading "Description of Securities-Founder Shares" in the Issuer's Registration Statement on Form S-1 (File No. 333-291425). Ryan Gilbert and Shami Patel are the managing members of Launch Management Sponsor LLC, the sole managing member of Launch Sponsor LLC, and have voting and investment discretion with respect to the securities held of record by Launch Sponsor LLC. The 5,750,000 founder shares referred to in Rows 5, 7, and 9 exclude 2,783,334 Class A Ordinary Shares which may be purchased by exercising warrants that are not presently exercisable. The percentage in Row 11 is based on 23,000,000 Class A Ordinary Shares issued and outstanding and 5,750,000 Class B Ordinary Shares issued and outstanding as of March 27, 2026, as reported in the Issuer's Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission on March 27, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: The 5,750,000 founder shares referred to in Rows 6, 8, and 9 represent Issuer's Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares") which are automatically convertible into Issuer's Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares") with or immediately following the Issuer's initial business combination (the "Business Combination") and may be converted at any time prior to the Business Combination at the option of the holder, as more fully described under the heading "Description of Securities-Founder Shares" in the Issuer's Registration Statement on Form S-1 (File No. 333-291425). Ryan Gilbert is a managing member of Launch Management Sponsor LLC, the sole managing member of Launch Sponsor LLC, and has voting and investment discretion with respect to the securities held of record by Launch Sponsor LLC. The 5,750,000 founder shares referred to in Rows 6, 8, and 9 exclude 2,783,334 Class A Ordinary Shares which may be purchased by exercising warrants that are not presently exercisable. The percentage in Row 11 is based on 23,000,000 Class A Ordinary Shares issued and outstanding and 5,750,000 Class B Ordinary Shares issued and outstanding as of March 27, 2026, as reported in the Issuer's Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission on March 27, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: The 5,750,000 founder shares referred to in Rows 6, 8, and 9 represent Issuer's Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares") which are automatically convertible into Issuer's Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares") with or immediately following the Issuer's initial business combination (the "Business Combination") and may be converted at any time prior to the Business Combination at the option of the holder, as more fully described under the heading "Description of Securities-Founder Shares" in the Issuer's Registration Statement on Form S-1 (File No. 333-291425). Shami Patel is a managing member of Launch Management Sponsor LLC, the sole managing member of Launch Sponsor LLC, and has voting and investment discretion with respect to the securities held of record by Launch Sponsor LLC. The 5,750,000 founder shares referred to in Rows 6, 8, and 9 exclude 2,783,334 Class A Ordinary Shares which may be purchased by exercising warrants that are not presently exercisable. The percentage in Row 11 is based on 23,000,000 Class A Ordinary Shares issued and outstanding and 5,750,000 Class B Ordinary Shares issued and outstanding as of March 27, 2026, as reported in the Issuer's Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission on March 27, 2026.


SCHEDULE 13G



Launch Sponsor LLC
Signature:/s/ Ryan Gilbert
Name/Title:Ryan Gilber/ Managing Member of Launch Management Sponsor LLC, the Managing Member of Launch Sponsor LLC
Date:04/02/2026
Launch Management Sponsor LLC
Signature:/s/ Ryan Gilbert
Name/Title:Managing Member
Date:04/02/2026
Ryan Gilbert
Signature:/s/ Ryan Gilbert
Name/Title:Individual
Date:04/02/2026
Shami Patel
Signature:/s/ Shami Patel
Name/Title:Individual
Date:04/02/2026

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.

Are the founder shares convertible into Class A shares?

Yes. The filing states the Class B Ordinary Shares are automatically convertible one-for-one into Class A Ordinary Shares with or immediately following the issuer's initial business combination, and may be converted earlier at the holder's option.

Do the reported shares include warrants or other instruments?

The filing excludes 2,783,334 Class A Ordinary Shares that may be purchased by exercising warrants that are not presently exercisable. Those warrant-related shares are not included in the 5,750,000 founder shares count.

What dates anchor the ownership and share counts in the filing?

Ownership is reported as of December 31, 2025. The percentage basis references 23,000,000 Class A Ordinary Shares issued and outstanding as of March 27, 2026, per the issuer's Annual Report on Form 10-K.