Launchpad Cadenza prices $200 million IPO at $10 per unit

Launchpad Cadenza Acquisition Corp I priced its initial public offering of 20 million units at $10.00 per unit, raising $200 million. The units are expected to begin trading on Nasdaq on December 18, 2025, under the ticker symbol "LPCVU."

Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Whole warrants entitle holders to purchase one Class A ordinary share at $11.50 per share, subject to certain adjustments. The company will deposit $10.00 per unit into a trust account upon closing.

Once the securities begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "LPCV" and "LPCVW," respectively. The offering is expected to close on December 19, 2025, subject to customary closing conditions.

The company has granted underwriters a 45-day option to purchase up to an additional 3 million units at the initial public offering price to cover over-allotments.

Launchpad Cadenza is a blank check company formed to effect a merger, acquisition, or similar business combination with one or more businesses. The company plans to focus on technology and software infrastructure companies operating within blockchain, financial technology, and digital assets ecosystems.

The management team includes Max Shapiro as Chief Executive Officer, Jurgen van de Vyver as Chief Financial Officer, and Kumar Dandapani as Chairman of the Board of Directors. The board also includes Sean O'Malley and Jonathan Bier.

Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering. The registration statement became effective on December 17, 2025, according to the company's announcement.

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