Launchpad Cadenza Acquisition Corp I Prices $200 Million IPO, Units Set to Trade on Nasdaq Under LPCVU
Launchpad Cadenza Acquisition Corp I Prices $200 Million IPO
Launchpad Cadenza Acquisition Corp I announced late Tuesday the pricing of its initial public offering (IPO), securing $200,000,000 in gross proceeds. The company priced 20,000,000 units at $10.00 per unit, marking a significant entry onto the public markets.
The units are scheduled to begin trading on The Nasdaq Global Stock Market LLC (“Nasdaq”) on December 18, 2025, under the ticker symbol “LPCVU.” The successful pricing and imminent listing were confirmed across multiple international financial calendars, including those in Hong Kong, Singapore, and Germany, underscoring the global interest in the offering.
Structure of the Units and Warrant Details
The structure of the IPO units is typical for a special purpose acquisition company (SPAC) offering. Each unit sold in the offering consists of two components:
- One Class A ordinary share.
- One-third of one redeemable warrant.
The warrants are structured to entitle the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to customary adjustments. It is important to note that no fractional warrants will be issued upon the separation of the units, meaning only whole warrants will be eligible for trading.
Upon the closing of the offering, an amount equal to the full unit price of $10.00 per unit will be deposited into a trust account. The offering is expected to officially close on December 19, 2025, pending the satisfaction of standard closing conditions.
Separate Trading Expected for Shares and Warrants
While the units will initially trade under the symbol LPCVU, the Class A ordinary shares and the warrants are expected to begin separate trading once the securities constituting the units are separated. These individual components are anticipated to be listed on Nasdaq under the symbols “LPCV” for the Class A ordinary shares and “LPCVW” for the warrants.
The pricing of 20,000,000 units at $10.00 each provides the company with $200 million in capital, positioning it for its intended acquisition strategy. The inclusion of warrants offers investors potential upside linked to the future performance of the target company.
Underwriters Granted Over-Allotment Option
To potentially accommodate strong demand, Launchpad Cadenza Acquisition Corp I has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units. This over-allotment option, if fully exercised, would increase the total size of the offering and provide the company with additional capital beyond the initial $200 million target.
The successful pricing and listing of Launchpad Cadenza Acquisition Corp I add to the roster of SPACs seeking to capitalize on market liquidity, providing a vehicle for private companies to access public markets through a merger or acquisition.
