Launch Two Acquisition Corp. will allow separate trading of its Class A shares and warrants starting November 29, 2024.
Quiver AI Summary
Launch Two Acquisition Corp. announced that starting November 29, 2024, holders of its initial public offering units can separately trade its Class A ordinary shares and warrants. The separated Class A shares will trade under the symbol "LPBB," while the warrants will trade as "LPBBW." Units that are not separated will continue trading under "LPBBU." The announcement clarifies that it does not constitute an offer to sell or solicit offers for the Company’s securities where unlawful. Launch Two Acquisition Corp. is a blank check company focused primarily on pursuing acquisition opportunities in the technology and software infrastructure sectors, particularly those targeting financial services, real estate, and asset management. The press release includes forward-looking statements regarding potential business combinations, which are subject to risks and uncertainties.
Potential Positives
- The ability for holders of the units to separate and trade Class A ordinary shares and warrants enhances liquidity and provides flexibility for investors.
- The listing of separated shares and warrants on the Nasdaq Global Market under new symbols indicates the company’s compliance with exchange regulations and enhances its visibility in the investment community.
- This press release signifies the company’s ongoing commitment to pursue acquisition opportunities in technology and software infrastructure, especially in financial services, real estate, and asset management sectors, which may appeal to potential investors and partners.
Potential Negatives
- The announcement involves the separation of units, which may indicate that the initial public offering did not meet strong demand for unit sales, potentially signaling weaker investor interest.
- The mention of "forward-looking statements" alongside the numerous risks associated with them reflects uncertainty about the company's future performance and raises concerns regarding its ability to execute its stated business strategy.
- There is a potential legal caveat in the press release regarding securities laws, indicating that the company must navigate compliance issues, which could detract from its reputation and operational focus.
FAQ
When can I start trading Class A ordinary shares and warrants?
Holders of the units can start trading Class A ordinary shares and warrants on November 29, 2024.
What symbols will the separated shares and warrants trade under?
Separated Class A ordinary shares will trade under the symbol “LPBB”, and warrants will trade under “LPBBW”.
Will fractional warrants be issued when separating units?
No fractional warrants will be issued; only whole warrants will be traded upon separation of the units.
What is the focus of Launch Two Acquisition Corp.?
The Company primarily focuses on technology and software infrastructure companies targeting financial services, real estate, and asset management.
Are there any risks associated with the forward-looking statements?
Yes, forward-looking statements are subject to various risks that could cause actual results to differ materially from projections.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
New York, NY, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Launch Two Acquisition Corp. (Nasdaq: LPBBU) (the “ Company ”) announced today that, commencing November 29, 2024, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will trade on the Nasdaq Global Market under the symbols “LPBB” and “LPBBW,” respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol “LPBBU.”
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Launch Two Acquisition Corp.
Launch Two Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be on technology and software infrastructure companies whose products and services target financial services, real estate and asset management companies.
Forward-Looking Statements
This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“ SEC ”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company Contact:
Launch Two Acquisition Corp.
Jurgen van de Vyver
(510) 692-9600