Launch One Acquisition Seeks Extension, Enters Non-Redemption Deals

Launch One Acquisition Corp. issued 5,749,999 Class A ordinary shares to its Sponsor upon conversion of Class B shares, resulting in 28,749,999 Class A shares outstanding. The company is also seeking shareholder approval to extend its deadline for a business combination from July 15, 2026, to January 15, 2027. To facilitate this, the Company and Sponsor intend to enter into non-redemption agreements with shareholders, where investors agree not to redeem their Class A shares and to vote for the extension in exchange for the Sponsor transferring Class A shares to them after the business combination.