Launch One Acquisition Corp. (LPAA): debt financing — Launch One Acquisition secures up to $1M working capital note from sponsor; 51% founder shares pledged as collateral

Launch One Acquisition Corp.

Note allows up to $1,000,000 in loans; original issue discount of 20% yields $1,250,000 principal amount.
Initial $500,000 loan funded at issuance; two additional $250,000 tranches at sponsor's election.
Interest rate of 8% (26% default); maturity upon business combination or liquidation.
Sponsor pledged 2,932,500 Class B ordinary shares (~51% of founder shares) under separate Credit Agreement.
Proceeds to cover past and ongoing operational expenses due to limited year-end cash.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Launch One Acquisition Corp. incurred loan of up to $1,000,000 with Launch One Sponsor, LLC at annual interest of 8%, with a default interest rate of an additional 18% (for a maturing the consummation of the Company’s initial business combination or the effective date of the winding up of the Company (or if earlier, upon an event of default).

Instrument: loan
Principal: up to $1,000,000
Counterparty: Launch One Sponsor, LLC
Rate: annual interest of 8%, with a default interest rate of an additional 18% (for a
Maturity: the consummation of the Company’s initial business combination or the effective date of the winding up of the Company (or if earlier, upon an event of default)
Event: incurrence

Exact text from the filing

On March 20, 2026, Launch One Acquisition Corp. (the “ Company ”), entered into a Working Capital Promissory Note (the “ Working Capital Note ”) with Launch One Sponsor, LLC (the “ Sponsor ”), the sponsor of the Company, pursuant to which the Sponsor may loan up to $1,000,000 to the Company in up to three tranches

View on SEC.gov

Browse all debt financings →

Launch One Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001213900-26-034702

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.