Launch Two Acquisition, a blank check company targeting tech and software infrastructure businesses, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering.
The Oakland, CA-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Launch Two Acquisition would command a market value of $250 million.
Launch Two Acquisition is led by CEO and Chairman Jay McEntee, who currently serves as the Managing Principal of real estate company StBWell, and CFO Jurgen van de Vyver, a Partner at financial services-focused venture firm Launchpad Capital and the CFO of Launch One Acquisition (LPAAU), which went public earlier this month. The company plans to target technology and software infrastructure businesses whose products and services target the financial services, real estate, and asset management industries.
McEntee has been involved with several prior SPACs, most recently serving as President and CFO of FinTech Acquisition III, which merged with payments provider Paya in 2020. Paya was in turn acquired by Canadian fintech Nuvei in 2023 for $1.3 billion.
Launch Two Acquisition was founded in 2024 and plans to list on the Nasdaq under the symbol LPBBU. The company filed confidentially on June 3, 2024. Cantor Fitzgerald is the sole bookrunner on the deal.
