Launchpad Cadenza Acquisition Corp I SEC 10-Q Report

Launchpad Cadenza Acquisition Corp I, a blank check company incorporated in the Cayman Islands, has released its Form 10-Q report for the third quarter of 2025. The report provides a comprehensive overview of the company's financial performance and operational activities from its inception on June 27, 2025, through September 30, 2025. The company, which aims to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination, has detailed its financial and business highlights in the report. Financial Highlights Net Loss: The company reported a net loss of $48,926 for the three months ended September 30, 2025, and for the period from June 27, 2025 (inception) through September 30, 2025. This loss was primarily due to general and administrative costs.Net Loss Per Class B Ordinary Share: The basic and diluted net loss per Class B ordinary share was $(0.01) for the three months ended September 30, 2025, and for the period from June 27, 2025 (inception) through September 30, 2025. Business Highlights Business Overview: Launchpad Cadenza Acquisition Corp I is a blank check company incorporated in the Cayman Islands on June 27, 2025, with the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar Business Combination with one or more businesses.Operational Activities: From inception on June 27, 2025, through September 30, 2025, the company has not engaged in any operations or generated revenues. Activities have been limited to organizational tasks and preparations for the Initial Public Offering.Initial Public Offering: The company completed its Initial Public Offering on December 19, 2025, selling 23,000,000 units, including the full exercise of the underwriters' over-allotment option, generating gross proceeds of $230,000,000.Trust Account: Following the IPO, $230,000,000 was placed in a Trust Account, intended to be used for the Business Combination. The funds are invested in U.S. government treasury obligations or money market funds.Future Outlook: The company intends to use the proceeds from the IPO and the sale of Private Placement Warrants to complete a Business Combination. Management has broad discretion over the application of these funds.Liquidity and Capital Resources: As of September 30, 2025, the company had no cash and a working capital deficit of $491,879. Post-IPO, the company had cash of $1,396,792 and working capital of $1,395,429.Administrative Services Agreement: An agreement was entered into with Launch Management Sponsor LLC and Cadenza Ventures Management Company, LLC to pay $25,000 per month for office space and administrative support, commencing December 17, 2025.Management's Discussion: The company expects to incur significant costs in pursuit of its acquisition plans and does not anticipate generating operating revenues until after completing a Business Combination.Segment Information: The company operates as a single segment, with the Chief Financial Officer reviewing the assets, operating results, and financial metrics for the company as a whole.SEC Filing: Launchpad Cadenza Acquisition Corp I [ LPCVU ] - 10-Q - Jan. 30, 2026