Launch One Acquisition Corp.
For the period ended Dec 31, 2025. Filed Mar 27, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 27, 2026
LPAA$11.02+1.2%Stored close · as of Nov 4, 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, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash | $30,146 | $850,338 |
| Other receivable | 1,250 | 1,250 |
| Due from Sponsor | 27,340 | 27,340 |
| Short-term prepaid insurance | 53,596 | 103,180 |
| Prepaid expenses | 68,844 | 74,193 |
| Total current assets | 181,176 | 1,056,301 |
| Long-term prepaid insurance | — | 53,596 |
| Cash and marketable securities held in Trust Account | 245,449,353 | 235,529,521 |
| TOTAL ASSETS | $245,630,529 | $236,639,418 |
| LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICIT | ||
| Current liabilities | ||
| Accrued expenses | $791,137 | $109,180 |
| Total current liabilities | 791,137 | 109,180 |
| Deferred Fee payable | 10,950,000 | 10,950,000 |
| Total Liabilities | 11,741,137 | 11,059,180 |
| Commitments and Contingencies (Note 6) | ||
| Class A Ordinary Shares subject to possible redemption, 23,000,000 shares at redemption value of approximately $10.67 and $10.24 per share as of December 31, 2025 and 2024, respectively | 245,449,353 | 235,529,521 |
| Shareholders’ Deficit | ||
| Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding as of December 31, 2025 and 2024 | — | — |
| Class A Ordinary Shares, $0.0001 par value; 500,000,000 shares authorized; none issued or outstanding (excluding 23,000,000 shares subject to possible redemption) as of December 31, 2025 and 2024 | — | — |
| 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 | (11,560,536) | (9,949,858) |
| Total Shareholders’ Deficit | (11,559,961) | (9,949,283) |
| TOTAL LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICIT | $245,630,529 | $236,639,418 |
STATEMENTS OF OPERATIONS
| For the Year Ended December 31, 2025 | For the Period from February 21, 2024 (Inception) Through December 31, 2024 | |
|---|---|---|
| General and administrative expenses | $1,611,081 | $400,002 |
| Loss from operations | (1,611,081) | (400,002) |
| Other income: | ||
| Interest earned on cash and marketable securities held in Trust Account | 9,919,832 | 5,404,164 |
| Interest earned on operating cash account | 403 | — |
| Unrealized gain on marketable securities held in Trust Account | — | 125,357 |
| Total other income | 9,920,235 | 5,529,521 |
| Net income | $8,309,154 | $5,129,519 |
| Basic and diluted weighted average shares outstanding of redeemable Class A Ordinary Shares | 23,000,000 | 12,378,981 |
| Basic and diluted net income per share, redeemable Class A Ordinary Shares | $0.29 | $0.29 |
| Basic and diluted weighted average shares outstanding, non-redeemable Class B Ordinary Shares | 5,750,000 | 5,292,197 |
| Basic and diluted net income per share, non-redeemable Class B Ordinary Shares | $0.29 | $0.29 |
STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT
FOR THE YEAR ENDED DECEMBER 31, 2025 AND
FOR THE PERIOD FROM FEBRUARY 21, 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 — February 21, 2024 (inception) | — | $— | — | $— | $— | $— | $— |
| Issuance of Class B Ordinary Shares to Sponsor | — | — | 5,750,000 | 575 | 24,425 | — | 25,000 |
| Accretion for Class A Ordinary Shares to redemption value | — | — | — | — | (6,759,099) | (15,079,377) | (21,838,476) |
| Sale of Private Placement Warrants | — | — | — | — | 6,000,000 | — | 6,000,000 |
| Fair value of Public Warrants at issuance | — | — | — | — | 805,000 | — | 805,000 |
| Allocated value of transaction costs | — | — | — | — | (70,326) | — | (70,326) |
| Net income | — | — | — | — | — | 5,129,519 | 5,129,519 |
| Balance – December 31, 2024 | — | — | 5,750,000 | 575 | — | (9,949,858) | (9,949,283) |
| Accretion for Class A Ordinary Shares to redemption value | — | — | — | — | — | (9,919,832) | (9,919,832) |
| Net income | — | — | — | — | — | 8,309,154 | 8,309,154 |
| Balance – December 31, 2025 | — | $— | 5,750,000 | $575 | $— | $(11,560,536) | $(11,559,961) |
STATEMENTS OF CASH FLOWS
| For the Year Ended December 31, | For the Period from February 21, 2024 (Inception) Through December 31, | |
|---|---|---|
| 2025 | 2024 | |
| Cash Flows from Operating Activities: | ||
| Net income | $8,309,154 | $5,129,519 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Payment of expense through IPO Promissory Note – related party | — | 50,736 |
| Interest earned on cash and marketable securities held in Trust Account | (9,919,832) | (5,404,164) |
| Unrealized gain on marketable securities held in Trust Account | — | (125,357) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | 5,349 | (74,193) |
| Other receivable | — | (1,250) |
| Short-term prepaid insurance | 49,584 | (103,180) |
| Long-term prepaid insurance | 53,596 | (53,596) |
| Accrued expenses | 681,957 | 109,180 |
| Net cash used in operating activities | (820,192) | (472,305) |
| Cash Flows from Investing Activities: | ||
| Investment of cash into Trust Account | — | (230,000,000) |
| Net cash used in investing activities | — | (230,000,000) |
| 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 | — | 6,000,000 |
| Due from Sponsor | — | (27,340) |
| Repayment of IPO Promissory Note - related party | — | (307,973) |
| Payment of offering costs | — | (342,044) |
| Net cash provided by financing activities | — | 231,322,643 |
| Net Change in Cash | (820,192) | 850,338 |
| Cash – Beginning of period | 850,338 | — |
| Cash – End of period | $30,146 | $850,338 |
| Noncash investing and financing activities: | ||
| Deferred fee payable | $— | $10,950,000 |
| Deferred offering costs paid through IPO Promissory Note - related party | $— | $257,237 |
| Deferred offering costs paid by Sponsor in exchange for issuance of Class B Ordinary Shares | $— | $25,000 |
The accompanying notes are an integral part of this financial statement.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.