Launch One Acquisition net income falls to $1.6 million in Q2 FY26
LPAA•Q2 FY26 results and trust account income
Launch One Acquisition posted Q2 net income of $1.6 million, down from $1.92 million a year earlier.
- Interest income from the trust account fell to $2.19 million from $2.55 million in the prior-year quarter.
- General and administrative costs eased to $593,448 from $637,837.
Business combination update and extension
The company said the Minovia business combination was terminated on Jan. 30, 2026, and the SPAC is pursuing alternative initial business combination options.
Shareholders approved an extension to Jan. 15, 2027. Redemptions removed about $229.9 million from trust at about $10.83 per share.
