other material
confidence high
sentiment neutral
materiality 0.75
Launch One Acquisition Corp. completes $230M IPO and $6M private placement
Launch One Acquisition Corp.
- Sold 23M units at $10.00 each (including full over-allotment of 3M units) for gross proceeds of $230M.
- Placed $230M ($10.00/unit) in trust account; shares subject to possible redemption at $10.00 per share.
- Issued 6M private placement warrants at $1.00 each to sponsor and underwriter representative, raising $6M.
- Transaction costs total $15.6M including $4M cash underwriting fee and $10.95M deferred underwriting fee.
- Shareholders' deficit of $9.65M as of July 15, 2024; company has 24 months to complete business combination.