Launch One Acquisition Corp. (LPAA) Form 10-Q — May 14, 2026

$LPAAForm 10-QFiled May 14, 2026, 5:15 PM ET0001213900-26-056825Original filing

Launch One Acquisition Corp. reported net income of $1.7 million for the quarter ended March 31, 2026, driven primarily by $2.2 million in interest earned on its trust account. The company holds approximately $247.6 million in the trust account and only $266,001 in operating cash, reflecting its status as a pre-deal SPAC with no operating revenue. The company terminated its proposed business combination with Minovia Therapeutics in January 2026 and is now seeking alternative targets.

Key figures

Net Income: 1700072
Total Debt: 500000
Cash Position: 266001
Trust Account Balance: 247617197
Warrants Outstanding: 17500000
Working Capital Deficit: 1077733
Deferred Underwriting Fee: 10950000
Shares Outstanding Class A: 23000000
Shares Outstanding Class B: 5750000
Working Capital Note Outstanding: 500000

Price after filing

1 day: 0.0%7 days: +0.1%30 days: +0.6%

Close on the filing date to close N calendar days later (from $10.75). Historical, not a forecast.

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