Launchpad Cadenza Acquisition Corp I, a blank-check company, said Wednesday it has priced an initial public offering of 20 million units at $10 per share.
The units are expected to be listed on the Nasdaq Global Stock Market and begin trading this Thursday under the ticker symbol, "LPCVU." The class A ordinary shares and warrants are expected to be listed under the symbols "LPCV" and "LPCVW," respectively.
Each unit consists of one class A ordinary share and one-third of one redeemable warrant. Each whole warrant entitles the holder to purchase one class A ordinary share at $11.50 per share.
Underwriters have been granted a 45-day option to purchase up to an additional 3 million units.
The IPO is set to close Friday.