Financial Position - As of March 31, 2025, the company had marketable securities held in the Trust Account amounting to 820,654 as of March 31, 2025, primarily used for identifying and evaluating target businesses[116] - The company has no long-term debt or off-balance sheet arrangements as of March 31, 2025[119] Income and Expenses - For the three months ended March 31, 2025, the company reported a net income of 207,897 for the three months ended March 31, 2025[109] Initial Public Offering - The company generated gross proceeds of 10.00 per Unit[113] - The company repaid all outstanding balance of the IPO Promissory Note at the closing of the Initial Public Offering on October 9, 2024[112] Acquisition Plans - The company expects to continue incurring significant costs in pursuit of its acquisition plans[104] - The company may need to obtain additional financing to complete its Business Combination or due to significant redemptions of Public Shares[118] - The company may seek to extend the Combination Period by amending its Amended and Restated Charter, subject to shareholder approval[106] Regulatory Classification - The company is classified as a smaller reporting company under Rule 12b-2 of the Exchange Act and is not required to provide additional information regarding market risk disclosures[127]
Launch Two Acquisition Corp.(LPBBU) - 2025 Q1 - Quarterly Report