Launch Two Acquisition Corp. Files Q3 2024 10-Q

TL;DR

Launch Two Acquisition Corp. filed its Q3 10-Q. No major financial updates yet, still a blank check company.

AI Summary

Launch Two Acquisition Corp. filed its quarterly report for the period ending September 30, 2024. The company, incorporated in the Cayman Islands, is a blank check company focused on real estate and construction. Its principal executive offices are located at 180 Grand Avenue, Suite 1530, Oakland, CA.

Why It Matters

This filing provides investors with an update on the financial performance and operational status of Launch Two Acquisition Corp. during the third quarter of 2024.

Risk Assessment

Risk Level: low — This is a routine quarterly filing for a SPAC with no immediate significant financial events or disclosures.

Key Players & Entities

• Launch Two Acquisition Corp. (company) — Registrant
• September 30, 2024 (date) — End of reporting period
• Cayman Islands (location) — Jurisdiction of incorporation
• 180 Grand Avenue Suite 1530 Oakland CA 94612 (address) — Principal executive offices
• 001-42306 (other) — SEC file number

FAQ

Key Financial Figures

• $0.0001 — LLC Class A ordinary shares, par value $0.0001 per share LPBB The Nasdaq Stock Market
• $11.50 — ordinary share at an exercise price of $11.50 per share LPBBW The Nasdaq Stock Market

Filing Documents

• ea0220933-10q_launch.htm (10-Q) — 346KB
• ea022093301ex31-1_launch.htm (EX-31.1) — 12KB
• ea022093301ex31-2_launch.htm (EX-31.2) — 12KB
• ea022093301ex32-1_launch.htm (EX-32.1) — 5KB
• ea022093301ex32-2_launch.htm (EX-32.2) — 5KB
• 0001213900-24-099759.txt ( ) — 2529KB
• lpbbu-20240930.xsd (EX-101.SCH) — 30KB
• lpbbu-20240930_cal.xml (EX-101.CAL) — 10KB
• lpbbu-20240930_def.xml (EX-101.DEF) — 149KB
• lpbbu-20240930_lab.xml (EX-101.LAB) — 216KB
• lpbbu-20240930_pre.xml (EX-101.PRE) — 143KB
• ea0220933-10q_launch_htm.xml (XML) — 184KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2024 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-42306 Launch Two Acquisition Corp. (Exact Name of Registrant as Specified in Its Charter) Cayman Islands 98-1801568 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 180 Grand Avenue Suite 1530 Oakland CA 94612 (Address of principal executive offices) (Zip Code) (510) 692-9600 (Issuer's telephone number) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant LPBBU The Nasdaq Stock Market LLC Class A ordinary shares, par value $0.0001 per share LPBB The Nasdaq Stock Market LLC Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share LPBBW The Nasdaq Stock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer Accelerated filer Non-accelerated filer Smaller reporting company Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No As of November 18, 2024, there were 23,000,000 Class A ordinary shares, $0.0001 par value and 5,750,000 Class B ordinary shares, $0.0001 par value, issued and outstanding. LAUNCH TWO ACQUISITION CORP. FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2024 TABLE OF CONTENTS Page Part I. Financial Information Item 1. Interim Financial Statements 1 Condensed Balance Sheet as of September 30, 2024 (Unaudited) 1 Condensed 30, 2024 (Unaudited) 2 Condensed 2024 (Inception) Through September 30, 2024 (Unaudited) 3 Condensed 4 Notes to Condensed Financial Statements (Unaudited) 5 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3. Quantitative and Qualitative Disclosures About Market Risk 18 Item 4. Controls and Procedures 18 Part II. Other Information Item 1. Legal Proceedings 19 Item 1A. Risk Factors 19 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 19 Item 3. Defaults Upon Senior Securities 19 Item 4. Mine Safety Disclosures 19 Item 5. Other Information 19 Item 6. Exhibits 20 Part III. Signatures 21 i PART I - FINANCIAL INFORMATION Item 1. Interim Financial Statements. LAUNCH TWO ACQUISITION CORP. CONDENSED BALANCE SHEET SEPTEMBER 30, 2024 (UNAUDITED) Assets Current assets - prepaid expenses $ 34,603 Deferred offering costs 494,336 Total Assets $ 528,939 Liabilities and Shareholder's Deficit Current liabilities Accrued offering costs $ 216,160 Due to related party 42,923 Promissory note - related party 300,000 Total current liabilities 559,083 Total Liabilities 559,083 Commitments and Contingencies (Note 6) Shareholder's Deficit Preference shares, $ 0.0001 par value; 5,000,000 shares authorized; none issued or outstanding — Class A ordinary shares, $ 0.0001 par value; 500,000,000 shares authorized; none issued or outstanding — Class B ordinary shares, $ 0.0001 par value; 50,000,000 shares authorized; 5,750,000 shares issued and outstanding (1) 575 Additional paid-in capital 24,425 Accumulated deficit ( 55,144 ) Total Shareholder's Deficit ( 30,144 ) Total Liabilities and Shar

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