Launchpad Cadenza Acquisition Corp I 8-K

What Happened

• Launchpad Cadenza Acquisition Corp I announced it consummated its initial public offering on December 19, 2025, selling 23,000,000 units at $10.00 per unit (including a 3,000,000-unit over-allotment). Each Unit contains one Class A ordinary share and one‑third of one warrant.
• Simultaneously, the company completed a private placement of 4,116,667 warrants at $1.50 each, raising $6,175,000. Total gross proceeds from the IPO were $230,000,000. The IPO proceeds (including the underwriter’s deferred discount of $10,950,000) and the private placement proceeds were deposited in a U.S.-based trust account held by Continental Stock Transfer & Trust Company. An audited balance sheet as of December 19, 2025 reflecting these transactions was filed as Exhibit 99.1.

Key Details

• IPO: 23,000,000 units sold at $10.00 per unit; gross proceeds $230,000,000.
• Unit composition: 1 Class A ordinary share + 1/3 of a warrant (each whole warrant exercisable at $11.50).
• Private placement: 4,116,667 warrants sold at $1.50 each; proceeds $6,175,000. Purchasers: Launch Sponsor LLC (2,783,334 warrants) and Cantor Fitzgerald & Co. (1,333,333 warrants).
• Trust: IPO and private placement proceeds placed in a U.S.-based trust account (Continental Stock Transfer & Trust Company). Audited balance sheet filed as Exhibit 99.1.

Why It Matters

• The company is now capitalized with $230 million placed in trust to support a future business combination (typical SPAC structure), which is the primary capital investors should be aware of.
• The issued warrants and private placement warrants (exercisable at $11.50) and sponsor/underwriter holdings can affect future dilution and the company’s capital structure if exercised.
• Retail investors should note the amounts, exercise price of warrants, sponsor participation, and that audited financial information reflecting the closing is available in the filed exhibit.