MergerJun 30, 2026, 02:32 PM
Launch Two Acquisition Corp. to Merge with NuCube Energy
AI Summary
Launch Two Acquisition Corp. (SPAC) has entered into a definitive Business Combination Agreement with NuCube Energy, Inc. The transaction involves SPAC re-domiciling to Delaware, followed by a merger where NuCube will become a wholly-owned subsidiary of SPAC. The aggregate consideration for NuCube security holders is set at $500,000,000, adjusted for certain expenses, and based on a $10.82 reference price per share. NuCube shareholders will also be subject to a 180-day lock-up period post-closing.
Key Highlights
- Launch Two Acquisition Corp. (SPAC) entered a Business Combination Agreement with NuCube Energy, Inc.
- SPAC will re-domicile from the Cayman Islands to Delaware prior to the merger.
- Merger Sub will merge into NuCube, making NuCube a wholly-owned subsidiary of SPAC.
- Aggregate consideration for NuCube security holders is $500,000,000 minus certain expenses, divided by a $10.82 Reference Price.
- NuCube's outstanding options and warrants will be converted into SPAC common stock options and warrants.
- NuCube shareholders will be subject to a lock-up period of 180 days post-closing, with early release conditions.
Price Impact
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