Launchpad Cadenza Acquisition Corp I Class A Ordinary Share

LPCV: 10-Q · periodic report

Launchpad Cadenza Acquisition Corp I, a $230 million blank check company, filed its 10-Q for the quarter ended June 30, 2026, reporting Q2 net income of $1,824,385 driven almost entirely by $2,057,285 of interest earned on its trust account. The trust balance rose to $234,322,761, or $10.19 per public share, from $230,231,978 at year-end 2025. The company disclosed substantial doubt about its ability to continue as a going concern, a common but real flag for pre-deal SPACs: it holds only $719,206 of cash outside the trust against $532,427 of six-month operating cash burn and expects significant deal-pursuit costs. Management may need sponsor loans or additional capital, and it must complete an initial business combination by December 19, 2027 or face mandatory liquidation. No target has been announced; the SPAC is searching for technology and software infrastructure companies in blockchain, fintech, and digital assets ecosystems. In April 2026 the board appointed Sheldon Sussman as a director and audit committee chair, replacing Jonathan Bier in the chair role while he remains a committee member.

SEC 10-Q•2mo ago

LPCV: 10-Q · periodic report

Launchpad Cadenza Acquisition Corp I, a pre-deal SPAC, reported a net income of $1,726,095 for the three months ended March 31, 2026. This income primarily came from interest earned on marketable securities held in the Trust Account, amounting to $2,033,498, partially offset by general and administrative expenses of $307,577. The company has $232,265,476 in marketable securities held in the Trust Account, which includes approximately $2,265,476 of interest income. The company's cash position outside the Trust Account is $907,573 as of March 31, 2026. On April 14, 2026, the board of directors appointed Sheldon Sussman as a member of the board and as the chair of the audit committee, replacing Jonathan Bier as chairperson. Mr. Sussman's term will expire at the company's first annual general meeting. The company has until December 19, 2027 to consummate its initial Business Combination. If it fails to do so, the company will be liquidated and dissolved, and the Public Shares will be redeemed at a per-share price equal to the aggregate amount in the Trust Account, including interest earned, divided by the number of outstanding Public Shares.

SEC 10-Q•5mo ago