Wed, Nov 13, 10:04 PM (19 days ago)
**Launch One Acquisition Corp. (LPAA) - Q3 2024 Summary** For the quarter ending September 30, 2024, Launch One Acquisition Corp. reported a net income of $2,605,302, driven primarily by interest income of $2,406,913 and unrealized gains on marketable securities. General and administrative expenses amounted to $189,929, reflecting the company's operational costs since its inception on February 21, 2024. The company raised $230,000,000 through its Initial Public Offering (IPO) on July 15, 2024, with an additional $6,000,000 from private placement warrants. As of September 30, 2024, total assets were valued at $234,005,976, with cash and investments held in a trust account at $232,795,232. Current liabilities were minimal at $40,343, leading to a working capital of $1,091,010. The company remains in the search for a business combination and has not yet commenced operations that would generate revenue. The geopolitical landscape, particularly the Russia-Ukraine conflict and the Israel-Hamas situation, poses uncertainties that could impact future operations and market conditions. The company is classified as a smaller reporting company and is subject to specific regulatory requirements.