Launch Two Acquisition Corp.
For the period ended Dec 31, 2025. Filed Mar 27, 2026.
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FY2025 · Filed Mar 27, 2026
LPBB$10.82+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets as of December 31, 2025 and 2024
BALANCE SHEETS
| December 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets | ||
| Cash | $250,079 | $935,701 |
| Prepaid expenses | 109,455 | 195,909 |
| Total current assets | 359,534 | 1,131,610 |
| Long-term prepaid insurance | — | 71,250 |
| Cash and marketable securities held in Trust Account | 243,358,236 | 233,538,339 |
| TOTAL ASSETS | $243,717,770 | $234,741,199 |
| LIABILITIES AND SHAREHOLDERS’ DEFICIT | ||
| Current liabilities | ||
| Accrued expenses | $156,201 | $16,136 |
| Accrued offering costs | — | 75,000 |
| Total current liabilities | 156,201 | 91,136 |
| Deferred Fee payable | 10,950,000 | 10,950,000 |
| TOTAL LIABILITIES | 11,106,201 | 11,041,136 |
| COMMITMENTS AND CONTINGENCIES (Note 6) | ||
| Class A Ordinary Shares subject to possible redemption, 23,000,000 shares at redemption value of $10.58 and $10.15 per share at December 31, 2025 and 2024, respectively | 243,358,236 | 233,538,339 |
| SHAREHOLDERS’ DEFICIT | ||
| Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding as of December 31, 2025 and 2024 | — | — |
| Class A Ordinary Shares, $0.0001 par value; 500,000,000 shares authorized; none issued and outstanding as of December 31, 2025 and 2024 (excluding 23,000,000 shares subject to possible redemption) | — | |
| Class B Ordinary Shares, $0.0001 par value; 50,000,000 shares authorized; 5,750,000 shares issued and outstanding as of December 31, 2025 and 2024 | 575 | 575 |
| Additional paid-in capital | — | — |
| Accumulated deficit | (10,747,242) | (9,838,851) |
| TOTAL SHAREHOLDERS’ DEFICIT | (10,746,667) | (9,838,276) |
| TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT | $243,717,770 | $234,741,199 |
STATEMENTS OF OPERATIONS
| For the Year Ended December 31, 2025 | For the Period from May 13, 2024 (Inception) Through December 31, 2024 | |
|---|---|---|
| General and administrative expenses | $909,063 | $173,185 |
| Loss from operations | (909,063) | (173,185) |
| Other income: | ||
| Interest earned on cash and marketable securities held in Trust Account | 9,819,897 | 2,281,141 |
| Interest earned on Bank Account | 672 | 394 |
| Unrealized income on cash and marketable securities held in Trust Account | — | 107,198 |
| Total other income, net | 9,820,569 | 2,388,733 |
| Net income | $8,911,506 | $2,215,548 |
| Basic and diluted weighted average shares outstanding of redeemable Class A Ordinary Shares | 23,000,000 | 8,291,845 |
| Basic and diluted net income per ordinary share, redeemable Class A Ordinary Shares | $0.31 | $0.16 |
| Basic weighted average shares outstanding of non-redeemable Class B Ordinary Shares | 5,750,000 | 5,270,386 |
| Basic net income per share, non-redeemable Class B Ordinary Shares | $0.31 | $0.16 |
| Diluted weighted average shares outstanding of non-redeemable Class B Ordinary Shares | 5,750,000 | 5,296,137 |
| Diluted net income per share, non-redeemable Class B Ordinary Shares | $0.31 | $0.16 |
STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT
**FOR THE YEAR ENDED DECEMBER 31, 2025 AND FOR THE PERIOD FROM MAY 13, 2024
(INCEPTION) THROUGH DECEMBER 31, 2024
| Class A Ordinary Shares · Class B Ordinary Shares · Additional Paid-in · Accumulated · Total Shareholders’ | |||||||
|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Capital | Deficit | Deficit | |
| Balance — May 13, 2024 (inception) | — | $— | — | $— | $— | $— | $— |
| Class B Ordinary Shares issued to Sponsor | — | — | 5,750,000 | 575 | 24,425 | — | 25,000 |
| Sale of Private Placement Warrants | — | — | — | — | 7,075,000 | — | 7,075,000 |
| Fair value of Public Warrants at issuance | — | — | — | — | 805,000 | — | 805,000 |
| Allocated value of transaction costs to Class A Ordinary Shares | — | — | — | — | (74,445) | — | (74,445) |
| Accretion for Class A Ordinary Shares to redemption value | — | — | — | — | (7,829,980) | (12,054,399) | (19,884,379) |
| Net income | — | — | — | — | — | 2,215,548 | 2,215,548 |
| Balance – December 31, 2024 | — | — | 5,750,000 | 575 | — | (9,838,851) | (9,838,276) |
| Accretion for Class A Ordinary Shares to redemption value | — | — | — | — | — | (9,819,897) | (9,819,897) |
| Net income | — | — | — | — | — | 8,911,506 | 8,911,506 |
| Balance – December 31, 2025 | — | $— | 5,750,000 | $575 | $— | $(10,747,242) | $(10,746,667) |
*The accompanying notes are an integral part of these financial statements
STATEMENTS OF CASH FLOWS
| For the year ended December 31, | For the period from May 13, 2024 (Inception) through December 31, | |
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income | $8,911,506 | $2,215,548 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Payment of expenses through IPO Promissory Note – related party | — | 82,301 |
| General and administrative costs applied to prepaids contributed by Sponsor through IPO Promissory Note – related party | — | 5,106 |
| Interest earned on cash and marketable securities held in Trust Account | (9,819,897) | (2,281,141) |
| Unrealized gain on marketable securities held in Trust Account | — | (107,198) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | 86,454 | (193,569) |
| Long-term prepaid insurance | 71,250 | (71,250) |
| Accrued expenses | 140,065 | 16,136 |
| Net cash used in operating activities | (610,622) | (334,067) |
| Cash Flows from Investing Activities: | ||
| Investment of cash into Trust Account | — | (231,150,000) |
| Net cash used in investing activities | — | (231,150,000) |
| Cash Flows from Financing Activities: | ||
| Proceeds from sale of Units, net of underwriting discounts paid | — | 226,000,000 |
| Proceeds from sale of Private Placements Warrants | — | 7,075,000 |
| Repayment of IPO Promissory Note - related party | — | (342,923) |
| Payment of offering costs | (75,000) | (312,309) |
| Net cash (used in) provided by financing activities | (75,000) | 232,419,768 |
| Net Change in Cash | (685,622) | 935,701 |
| Cash, Beginning of period | 935,701 | — |
| Cash, End of period | $250,079 | $935,701 |
| Supplemental disclosure of cash flow information: | ||
| Deferred Fee payable | $— | $10,950,000 |
| Deferred costs included in accrued offering costs | $— | $75,000 |
| Deferred offering costs contributed by Sponsor through IPO Promissory Note – related party | $— | $240,782 |
| Deferred offering costs paid by Sponsor in exchange for issuance of Class B Ordinary Shares | $— | $25,000 |
| Prepaid services contributed by Sponsor through the IPO Promissory Note – related party | $— | $19,840 |
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