other
confidence high
sentiment neutral
materiality 0.50
Launchpad Cadenza completes $230M SPAC IPO, including full over-allotment
Launchpad Cadenza Acquisition Corp I
- IPO of 23M units at $10.00/unit generated $230M gross proceeds.
- Private placement of 4.12M warrants at $1.50/warrant raised $6.18M.
- $230M net proceeds deposited in trust account ($10.00 per public share).
- Balance sheet shows $1.4M cash outside trust, $10.95M deferred underwriting fee.
- Company has 24 months from IPO to complete an initial business combination.