Wed, Mar 26, 9:29 PM (31 days ago)
**Summary of Launch One Acquisition Corp. (LPAA) 10-K Report** **Financial Performance:** - **Revenue:** No revenue generated from February 21, 2024, to December 31, 2024. - **Net Income:** $5,129,519 for the period, primarily from interest earned on marketable securities held in the Trust Account. - **Operating Expenses:** $400,002 in general and administrative expenses. - **Earnings per Share:** $0.29 for both Class A and Class B ordinary shares. **Strategic Overview:** - **Business Model:** A blank check company formed to effect a Business Combination with one or more businesses. - **Initial Public Offering (IPO):** Completed on July 15, 2024, raising $230,000,000 from 23,000,000 Units. - **Trust Account:** $230,000,000 placed in a Trust Account, invested in U.S. Treasury Bills. - **Redemption Rights:** Shareholders can redeem shares at approximately $10.24 per share if the company fails to complete a Business Combination within 24 months. **Future Outlook:** - **Business Combination:** Must complete by July 15, 2026, or seek shareholder approval to extend. - **Market Position:** Listed on Nasdaq under symbols "LPAA" and "LPAAW" for Class A Ordinary Shares and Warrants, respectively. - **Risk Factors:** Includes market volatility, regulatory changes, and competition from other SPACs. **Risk Factors:** - **Market Risks:** Volatility in financial markets, geopolitical instability, and regulatory changes. - **Operational Risks:** Dependence on the success of the Business Combination, potential dilution of shares, and competition from other SPACs. - **Financial Risks:** Dependence on the Trust Account for liquidity, potential claims on the Trust Account, and the need for additional financing. **Financial Condition:** - **Liquidity:** $850,338 in cash and $235,529,521 in the Trust Account as of December 31, 2024. - **Capital Resources:** Funds held outside the Trust Account used for identifying and evaluating target businesses. **Market Position Changes:** - **Listing:** Units, Public Shares, and Public Warrants listed on the Nasdaq Global Market. - **Shareholder Base:** One holder of record for Units, Class A Ordinary Shares, and Class B Ordinary Shares, and three holders of record for Warrants as of March 26, 2025. **Ticker:** LPAA