Launch Two Acquisition Corp.

Launch Two Acquisition Corp. (LPBB), a SPAC, and NuCube Energy, Inc., an advanced-nuclear technology company, have entered into a definitive Business Combination Agreement. The transaction values NuCube at a pre-money equity value of approximately $500 million and is expected to generate gross proceeds of up to $125 million. Upon closing, NuCube will become a publicly listed company on Nasdaq or NYSE, with existing NuCube equity holders owning approximately 73% of the combined entity. The merger is anticipated to close in the second half of 2026.

Launch Two Acquisition Corp. (LPBB) and NuCube Energy, Inc. announced a definitive business combination agreement, which will result in NuCube becoming a publicly listed company. The transaction values NuCube at a pre-money equity value of approximately $500 million and is expected to generate gross proceeds of up to $125 million. The combined company plans to list on Nasdaq or NYSE and is anticipated to close in the second half of 2026.

Launch Two Acquisition Corp. reported a net income of $1.95 million for the first quarter of 2026, a decrease from $2.22 million in the prior year. The company's Trust Account balance grew to $245.5 million as of March 31, 2026, with a redemption value of $10.67 per Class A share. However, management has raised substantial doubt about the company's ability to continue as a going concern due to its liquidity condition and the mandatory liquidation date of October 9, 2026, if a business combination is not completed.