Leapfrog Acquisition Corporation completes $143.75M IPO and $4.725M private placement; audited balance sheet filed

Leapfrog Acquisition Corp

Issued 14.375M units at $10.00 each, generating gross proceeds of $143.75M; over-allotment option exercised in full.
Simultaneous private placement of 472,500 units at $10.00 per unit to sponsor and underwriters raised $4.725M.
$143.75M deposited in trust account, including $5.03M deferred underwriting commissions; trust holds $10.00 per public share.
Audited balance sheet shows $145.16M total assets, $1.40M cash outside trust, and shareholders' deficit of $(3.64)M.
Management notes substantial doubt about going concern but sponsor commitment alleviates it; must complete business combination within 24 months.

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