NEW YORK--(BUSINESS WIRE)--Launchpad Cadenza Acquisition Corp I (“Launchpad Cadenza”) is a blank check company formed by Cadenza, an alternative asset manager with a focus on transformative technologies and Launchpad Capital, a technology-focused venture capital firm with extensive SPAC (special-purpose acquisition company) sponsorship experience. The blank check company will be targeting a high-quality technology business in the blockchain, financial technology, or digital infrastructure sectors and plans to bring an exciting and promising company to the public marketplace. The company is led by CEO Max Shapiro and Chairman Kumar Dandapani, both currently executives at Cadenza.
Launchpad Cadenza has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for an initial public offering in an aggregate amount of $200 million, including 20 million units, with each unit consisting of one Class A ordinary share and one-third of one redeemable warrant. The company plans to list its units, Class A ordinary shares, and warrants on the Nasdaq under the symbols LPCVU, LPCV and LPCVW, respectively.
The registration statement relating to these securities has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Cautionary Statement Concerning Forward-Looking Statements
This announcement includes forward-looking statements, including statements relating to the proposed initial public offering of Launchpad Cadenza, including the terms thereof. There can be no assurance that the proposed offering will be completed as anticipated or at all, and there are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein, including risks relating to unanticipated developments that prevent, delay or negatively impact the proposed offering and other risks and uncertainties disclosed by Launchpad Cadenza from time to time in its filings with the SEC. The forward-looking statements contained in this announcement reflect management's expectations as of the date of this announcement. Launchpad Cadenza expressly disclaims any obligation to update these forward-looking statements except as may be required by law.
Contacts
Jurgen van de Vyver - jurgen@launchpad.vc