Launch Two Acquisition enters $848,000 working capital note with sponsor Launch Two Sponsor - LPBB News | RalliesLaunch Two Acquisition enters $848,000 working capital note with sponsor Launch Two Sponsor
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LPBB• Working capital note with sponsor
- Launch Two Acquisition Corp. signed a Working Capital Promissory Note with Launch Two Sponsor on Aug. 17, 2026 for USD 848,000.
- The company received USD 750,000 in cash; USD 98,000 reflected an interest reserve of USD 48,000 and up to USD 50,000 in fees.
- The note carries 8% annual interest, paid monthly; the default rate adds 18% for a total of 26%.
- It matures at the earliest of a business combination, wind-up, or six months, with optional extensions that add 1% then 1.5% to principal.
- The prepayment penalty is set at 10%; prepayment requires sponsor consent.
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