LPBB on Nasdaq
Launch Two Acquisition Corp.
Warrants are identical to the Public Warrants, except as otherwise disclosed in the IPO Registration Statement.4 From its latest annual report
Price unavailable
Last updated Oct 19, 2026.
Overview
- TickerLPBB on Nasdaq1
- IndustryFabricated Plate Work (Boiler Shops)1
- HeadquartersOakland, California1
- Incorporated inCayman Islands3
- Business address180 Grand Avenue Suite 1530, Oakland, Ca 946123
- Filer category, Emerging growth company3
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Warrants are identical to the Public Warrants, except as otherwise disclosed in the IPO Registration Statement.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 1 fiscal year, latest first.2
| Period ending | 2025-12-31 |
|---|---|
| General and administrative expenses | $909.1K |
| Loss from operations | -$909.1K |
| Interest earned on cash and marketable securities held in Trust Account | $9.8M |
| Interest earned on Bank Account | $672 |
| Total other income, net | $9.8M |
| Net income | $8.9M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash | $250.1K | $935.7K |
| Prepaid expenses | $109.5K | $195.9K |
| Total current assets | $359.5K | $1.1M |
| Long-term prepaid insurance | $71.2K | |
| Cash and marketable securities held in Trust Account | $243.4M | $233.5M |
| TOTAL ASSETS | $243.7M | $234.7M |
| Accrued expenses | $156.2K | $16.1K |
| Accrued offering costs | $75.0K | |
| Total current liabilities | $156.2K | $91.1K |
| Deferred Fee payable | $10.9M | $10.9M |
| TOTAL LIABILITIES | $11.1M | $11.0M |
| 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 | $243.4M | $233.5M |
| Accumulated deficit | -$10.7M | -$9.8M |
| TOTAL SHAREHOLDERS DEFICIT | -$10.7M | -$9.8M |
| TOTAL LIABILITIES AND SHAREHOLDERS DEFICIT | $243.7M | $234.7M |
| Preference shares, par value (in Dollars per share) | $0.00 | $0.00 |
| Preference shares, shares authorized (in Shares) | 5.0M shares | 5.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash | $250.1K | $935.7K |
| Prepaid expenses | $109.5K | $195.9K |
| Total current assets | $359.5K | $1.1M |
| Long-term prepaid insurance | $71.2K | |
| Cash and marketable securities held in Trust Account | $243.4M | $233.5M |
| TOTAL ASSETS | $243.7M | $234.7M |
| Accrued expenses | $156.2K | $16.1K |
| Accrued offering costs | $75.0K | |
| Total current liabilities | $156.2K | $91.1K |
| Deferred Fee payable | $10.9M | $10.9M |
| TOTAL LIABILITIES | $11.1M | $11.0M |
| 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 | $243.4M | $233.5M |
| Accumulated deficit | -$10.7M | -$9.8M |
| TOTAL SHAREHOLDERS DEFICIT | -$10.7M | -$9.8M |
| TOTAL LIABILITIES AND SHAREHOLDERS DEFICIT | $243.7M | $234.7M |
| Preference shares, par value (in Dollars per share) | $0.00 | $0.00 |
| Preference shares, shares authorized (in Shares) | 5.0M shares | 5.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 1 fiscal year, latest first.2
| Period ending | 2025-12-31 |
|---|---|
| Net income | $8.9M |
| Interest earned on cash and marketable securities held in Trust Account | -$9.8M |
| Prepaid expenses | $86.5K |
| Long-term prepaid insurance | $71.2K |
| Accrued expenses | $140.1K |
| Net cash used in operating activities | -$610.6K |
| Payment of offering costs | -$75.0K |
| Net cash (used in) provided by financing activities | -$75.0K |
| Net Change in Cash | -$685.6K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Launch Two Acquisition Corp., and when. Pick a name to see everywhere that person has worked.
Chief executive
- Chief executive officerJames J. McEntee Iii. Oct 7, 2024 to Oct 7, 20249
Board members and other officers (5)
- Board memberThomas D. Hennessy Jul 1, 2026 to now10
- Board memberAlfred J. Pierce Iii. Oct 7, 2024 to Oct 7, 202411
- Board memberJames J. McEntee Iii. Oct 7, 2024 to Oct 7, 20249
- Board memberJeff Shanahan Oct 7, 2024 to Oct 7, 202412
- Board memberLynn Eisenhart Oct 7, 2024 to Oct 7, 202413
Timeline
- Oct 7, 2024New chief executive James J. McEntee Iii. becomes CEO9
Filings
98 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 11 major events, 8 insider forms, 19 large holders, 52 other. The latest 20:
- Oct 15, 2026425 EDGAR
- Oct 13, 2026425 EDGAR
- Oct 9, 20268-K CURRENT REPORT EDGAR
- Oct 8, 2026425 EDGAR
- Oct 7, 2026DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
- Oct 7, 20268-K CURRENT REPORT EDGAR
- Oct 6, 2026425 EDGAR
- Oct 5, 2026DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
- Oct 5, 20268-K CURRENT REPORT EDGAR
- Oct 2, 2026425 EDGAR
- Oct 2, 20264 EDGAR
- Oct 1, 2026425 EDGAR
- Oct 1, 2026DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
- Oct 1, 20268-K CURRENT REPORT EDGAR
- Sep 29, 2026425 EDGAR
- Sep 24, 2026425 EDGAR
- Sep 22, 2026425 EDGAR
- Sep 17, 2026425 EDGAR
- Sep 15, 2026425 EDGAR
- Sep 15, 2026425 CURRENT REPORT EDGAR
The 98 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- METEORA CAPITAL, LLCSCHEDULE 13G/A, 5 filings Aug 14, 2025 to Aug 14, 202614
- BarclaysSCHEDULE 13G/A, 5 filings Feb 7, 2025 to Aug 13, 202615
- Goldman SachsSCHEDULE 13G/A, 1 filing Aug 13, 202616
- BANK OF NOVA SCOTIASCHEDULE 13G/A, 1 filing Jan 27, 202617
- Linden Capital L.P.SCHEDULE 13G, 1 filing Aug 13, 202518
- AQR CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Feb 14, 2025 to May 14, 202519
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUNDSCHEDULE 13G/A, 2 filings Feb 14, 2025 to May 14, 202520
- Launch Two Sponsor LLCSCHEDULE 13G, 1 filing Feb 10, 202521
- Magnetar Financial LLCSCHEDULE 13G, 1 filing Jan 29, 202522
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 10SEC EDGARThomas D. Hennessy, Board member
- 11SEC EDGARAlfred J. Pierce Iii., Board member
- 12SEC EDGARJeff Shanahan, Board member
- 13SEC EDGARLynn Eisenhart, Board member
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