secwatch.observer — SEC 8-K summary
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Issuer:     Launch One Acquisition Corp. (LPAA)
CIK:        0002015502
Form:       8-K
Filed at:   2024-07-15T23:59:59+00:00
Accession:  0001213900-24-061349
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2015502/000121390024061349/0001213900-24-061349-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2015502/000121390024061349/ea0209363-8k_launch.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-061349

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer