Launch Two Acquisition Corp. (LPBBW) Warrant
Each LPBBW warrant gives the holder the right to buy 1 share of Launch Two Acquisition Corp. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.81, below the strike, so the warrant is out of the money. Launch Two Acquisition Corp. has a market value of about $310.79M. Launch Two Acquisition Corp. is a SPAC (deal signed with NuCube Energy, Inc.). It must complete a deal by October 9, 2026 or the warrants expire worthless. There are 11.50M listed warrants; exercising all of them would add 40.0% to the 28.75M 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
- $11.67
From the issuer's S-1/A (2024-09-23).
Company and stock
- Company
- Launch Two Acquisition Corp.
- Underlying stock
- LPBB
- Share price
- $10.81
- Market cap
- $310.79M
- Shares outstanding
- 28.75M
- 12-month range
- $10.43 – $10.84
- 12-month change
- +3%
- Value of all listed warrants
- $1.97M (0.6% of market cap)
- Industry
- Fabricated Plate Work (Boiler Shops)
- 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
- $0.1710
- Price / model
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Dilution
- Shares outstanding
- 28.75M
- Listed warrants
- 11.50M
- Dilution if all exercised
- 40.0%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- deal signed
- Target
- NuCube Energy, Inc.
- Deal announced
- 2026-06-30
- Deadline
- 2026-10-09
- Latest possible deadline
- 2027-04-09
- Trust per share
- $10.77
- Sponsor
- Launch Two Sponsor LLC
- Sponsor's earlier SPACs
- 3 (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 LPBBW
When does the LPBBW 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 LPBBW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many LPBBW warrants are outstanding?
11.50M listed warrants, equal to 40.0% dilution if all are exercised.
Related warrants
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