Launch One Acquisition Corp. (LPAAW) Warrant
Each LPAAW warrant gives the holder the right to buy 1 share of Launch One Acquisition Corp. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.85, below the strike, so the warrant is out of the money. Launch One Acquisition Corp. has a market value of about $81.63M. Launch One Acquisition Corp. is a SPAC (deal terminated). It must complete a deal by January 15, 2027 or the warrants expire worthless. There are 11.50M listed warrants; exercising all of them would add 152.8% to the 7.52M shares outstanding.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- no
- Break-even stock price
- $11.60
From the issuer's 8-K (2024-07-15).
Company and stock
- Company
- Launch One Acquisition Corp.
- Underlying stock
- LPAA
- Share price
- $10.85
- Market cap
- $81.63M
- Shares outstanding
- 7.52M
- 12-month range
- $10.50 – $11.19
- 12-month change
- +3%
- Value of all listed warrants
- $1.16M (1.4% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- Oakland, CA
- Incorporated in
- Cayman Islands
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.1013
- Price / model
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Dilution
- Shares outstanding
- 7.52M
- Listed warrants
- 11.50M
- Dilution if all exercised
- 152.8%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- deal terminated
- Target
- Minovia (terminated)
- Deal announced
- 2025-06-25
- Deadline
- 2027-01-15
- Latest possible deadline
- —
- Trust per share
- $10.86
- Sponsor
- Launch One Sponsor LLC
- Sponsor's earlier SPACs
- 2 (2 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about LPAAW
When does the LPAAW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of LPAAW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many LPAAW warrants are outstanding?
11.50M listed warrants, equal to 152.8% dilution if all are exercised.
Related warrants
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