Launch One Acquisition Corp. closes $230M IPO, trust funded

Launch One Acquisition Corp.

Closed IPO of 23,000,000 units at $10.00/unit, gross proceeds $230M; includes full over-allotment exercise.
Issued 6M private placement warrants ($1 each) to sponsor (4M) and Cantor (2M), raising $6M; exercisable at $11.50.
Placed $230M of total proceeds into trust; funds released only upon business combination or liquidation within 24 months.
Amended sponsor promissory note: loan limit increased from $300K to $340K, no interest, repayable at IPO closing.
SPAC focus is healthcare/life sciences globally; led by CEO Chris Ehrlich, Chairman Ryan Gilbert, CFO Jurgen van de Vyver.

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