Launch Two Acquisition Corp. successfully completed its initial public offering (IPO) of 23,000,000 units, including an over-allotment option, with each unit priced at $10 and consisting of one Class A ordinary share and half of one redeemable warrant. The IPO generated $230,000,000 in gross proceeds. Separately, they conducted a private sale of 7,075,000 warrants, raising an additional $7,075,000. The net proceeds, alongside the underwriter's deferred discount, totaling $231,150,000, were placed in trust with Continental Stock Transfer & Trust Company. An audited balance sheet as of October 9, 2024, was provided.
Names and entities mentioned: - Launch Two Acquisition Corp. - Launch Two Sponsor LLC - Cantor Fitzgerald & Co. - Continental Stock Transfer & Trust Company - Jay McEntee (Chief Executive Officer)