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Launch One Acquisition Corp. Completes $230.0 Million Initial Public Offering

Benzinga LogoBenzinga23h ago

Launch One Acquisition Corp. Completes $230.0 Million Initial Public Offering - Benzinga

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NEW YORK, NY, July 15, 2024 (GLOBE NEWSWIRE) -- Launch One Acquisition Corp.(the "Company") announced today the closing of its initial public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full.

Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share.

Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "LPAA" and "LPAAW," respectively.

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Article Details

Author / Journalist: Globe Newswire

Category: InvestingBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 20:05:00 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 629 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21636963

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Update Frequency: 2 posts per day

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News Last Updated: 1 days ago

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