Launch Two Acquisition Corp. SEC 10-Q Report

About this update from Launch Two Acquisition Corp.

Launch Two Acquisition Corp., a blank check company incorporated in the Cayman Islands, has released its Form 10-Q report for the quarter ended September 30, 2025. The report provides a comprehensive overview of the company's financial performance and operational activities, highlighting its progress and future outlook as it seeks to complete a business combination. Financial Highlights Net Income: $2.27 million for the three months ended September 30, 2025, driven by interest income on cash and marketable securities held in the Trust Account. Net Income: $6.85 million for the nine months ended September 30, 2025, primarily due to interest income on cash and marketable securities held in the Trust Account. Net Income Per Share, redeemable Class A Ordinary Shares: $0.08 for the three months ended September 30, 2025. Net Income Per Share, redeemable Class A Ordinary Shares: $0.24 for the nine months ended September 30, 2025. Net Income Per Share, non-redeemable Class B Ordinary Shares: $0.08 for the three months ended September 30, 2025. Net Income Per Share, non-redeemable Class B Ordinary Shares: $0.24 for the nine months ended September 30, 2025. General and Administrative Expenses: $238,860 for the three months ended September 30, 2025, reflecting increased costs associated with being a public company. General and Administrative Expenses: $622,233 for the nine months ended September 30, 2025, indicating ongoing operational costs. Interest Earned on Cash and Marketable Securities Held in Trust Account: $2.53 million for the three months ended September 30, 2025. Interest Earned on Cash and Marketable Securities Held in Trust Account: $7.47 million for the nine months ended September 30, 2025. Business Highlights Business Overview: Launch Two Acquisition Corp. is focused on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. As of September 30, 2025, the company had not entered into a definitive agreement with any specific business combination target. Operational Activities: Since its inception on May 13, 2024, the company's activities have been primarily related to its formation, the Initial Public Offering (IPO), and identifying and evaluating prospective acquisition candidates. The company has not commenced any operations and will not generate operating revenues until after the completion of its initial business combination. IPO and Trust Account: The company completed its IPO on October 9, 2024, raising $230 million through the sale of 23,000,000 units. An amount of $231,150,000 from the net proceeds was placed in a trust account, which is invested in U.S. government securities or money market funds. The funds in the trust account are intended to be used for the business combination. Future Outlook: The company has until October 9, 2026, to complete a business combination. If unable to do so, it will cease operations and liquidate the trust account. Management plans to consummate an initial business combination before the end of this period. Liquidity and Capital Resources: As of September 30, 2025, the company had $500,596 in cash outside the trust account, which is used primarily for identifying and evaluating target businesses and other related activities. The company may need to raise additional capital to fund its operations and complete a business combination. Going Concern Considerations: Management has determined that the company's liquidity condition and the date of mandatory liquidation raise substantial doubt about its ability to continue as a going concern. The company plans to address this by completing a business combination within the specified period. Administrative Services Agreement: The company has an agreement with an affiliate of the sponsor to pay $12,500 per month for office space, utilities, and administrative support until the completion of the business combination or liquidation. Warrant Instruments: The company issued 11,500,000 public warrants and 7,075,000 private placement warrants in connection with the IPO. These warrants are exercisable to purchase Class A ordinary shares at $11.50 per share, subject to certain conditions and adjustments. SEC Filing:

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