Launch Two Acquisition Corp(LPBB) - 2025 Q1 - Quarterly Report

Financial Performance - For the three months ended March 31, 2025, the company reported a net income of $2,215,852, primarily from interest income on marketable securities held in the Trust Account of$2,395,798[109]. - Cash used in operating activities for the three months ended March 31, 2025, was $115,047, with changes in operating assets and liabilities using$92,626 of cash[114]. - The company incurred $37,500 in administrative service costs as of March 31, 2025, under an agreement to reimburse an affiliate of the Sponsor[121]. - The company does not expect to generate operating revenues until after the completion of its Business Combination[108]. Marketable Securities and Trust Account - As of March 31, 2025, the company had marketable securities held in the Trust Account totaling$235,961,864, which will be used to complete the Business Combination[115]. - The company completed its Initial Public Offering of 23,000,000 Units at $10.00 per Unit, generating gross proceeds of$230,000,000[113]. Debt and Financial Obligations - The company has no long-term debt or off-balance sheet arrangements as of March 31, 2025[119]. - The company has the option to convert up to $1,500,000 of Working Capital Loans into warrants at a price of$1.00 per warrant[117]. Business Combination and Regulatory Environment - The company may seek to extend the Combination Period, which would require approval from Public Shareholders and could affect its capitalization[106]. - The SEC's 2024 SPAC Rules may materially affect the company's ability to negotiate and complete its initial Business Combination[105]. - The company is classified as a smaller reporting company under Rule 12b-2 of the Exchange Act, thus not required to provide detailed market risk disclosures[127].