Launch Two Acquisition, a blank check company targeting tech and software infrastructure businesses, raised $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.
Launch Two Acquisition is led by CEO and Chairman Jay McEntee, who currently serves as the Managing Principal of real estate company StBWell. 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.
The SPAC's CFO is 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 in July. Ryan Gilbert is serving as an advisor; Gilbert is the sole managing member of the sponsor, the Chairman of Launch One Acquisition, and the founder and General Partner of Launchpad Capital.
The company plans to target technology and software infrastructure businesses whose products and services target the financial services, real estate, and asset management industries.
Launch Two Acquisition plans to list on the Nasdaq under the symbol LPBBU. Cantor Fitzgerald acted as sole bookrunner on the deal.
