Leapfrog Acquisition Corp Announces Pricing of $125,000,000 Initial Public Offering

Rhea-AI Summary

Leapfrog Acquisition Corporation (Nasdaq: LFACU) priced its initial public offering of 12,500,000 units at $10.00 per unit, raising aggregate proceeds of $125,000,000 before any exercise of the underwriters' option.

Each unit comprises one Class A ordinary share and one-half of a redeemable warrant exercisable at $11.50 per share within 5 years after the company completes an initial business combination. Units began trading on December 5, 2025 on Nasdaq Global Market under the symbol LFACU; shares and warrants are expected to trade as LFAC and LFACW once separated.

Positive

• $125.0M gross proceeds from the IPO
• Nasdaq Global Market listing under LFACU on Dec 5, 2025
• Underwriters’ 45‑day option to purchase an additional 1,875,000 units

Negative

• Warrants exercisable at $11.50 create potential future dilution
• Over‑allotment option equals 15% additional units if exercised

Key Figures

IPO size $125,000,000 Initial public offering of units

Units offered 12,500,000 units IPO unit count

Unit price $10.00 per unit IPO pricing

Over-allotment units 1,875,000 units Underwriters' 45-day option

Warrant strike price $11.50 per ordinary share Redeemable warrant terms

Warrant term 5 years Exercisable within 5 years after business combination

Over-allotment window 45 days Underwriters' option period

SEC effectiveness date December 4, 2025 Registration statement declared effective

Market Reality Check

Market Pulse Summary

This announcement details a SPAC IPO of 12,500,000 units at $10.00 each, with attached redeemable warrants struck at $11.50 and exercisable for up to 5 years after a business combination. The registration statement was declared effective on December 4, 2025. Investors should focus on future disclosures: any use of the over-allotment option, separation and trading of shares versus warrants, and, most critically, identification and terms of any proposed acquisition target.

Key Terms

initial public offering financial

"announced today the pricing of its initial public offering of 12,500,000 units"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

special purpose acquisition company financial

"is a special purpose acquisition company formed for the purpose of effecting a merger"

A special purpose acquisition company (SPAC) is a company formed with the sole purpose of raising money through a public offering to buy or merge with an existing private business. It acts like a vehicle that allows private companies to go public more quickly and with less complexity. For investors, it offers an opportunity to invest early in a potential acquisition, though it also carries risks if the intended deal doesn’t materialize.

redeemable warrant financial

"one half of one redeemable warrant with a strike price of $11.50 per ordinary share"

A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.

strike price technical

"redeemable warrant with a strike price of $11.50 per ordinary share"

The strike price is the fixed price at which an option gives its holder the right to buy or sell an underlying stock. Think of it like a coupon that lets you transact at a pre-agreed price regardless of the market; for investors it determines whether an option will be profitable, influences potential gains or losses, and is a key factor in the option’s market value and risk profile.

over-allotments financial

"option to purchase up to an additional 1,875,000 units at the initial public offering price to cover over-allotments"

An over-allotment is a temporary extra batch of shares that the underwriters of a stock offering are allowed to sell beyond the original amount, with the right to buy those shares back later. Think of it as spare tickets sold to meet demand and then reclaimed if needed to keep the market orderly; it helps stabilize the stock price after an offering and can affect short-term supply and potential dilution, which matters to investors tracking price and ownership stakes.

registration statement regulatory

"A registration statement relating to these securities was declared effective"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

securities and exchange commission regulatory

"declared effective by the Securities and Exchange Commission (the "SEC") on December 4, 2025"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

prospectus regulatory

"The offering was made only by means of a prospectus, copies of which, when available"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

AI-generated analysis. Not financial advice.

SUMMIT, N.J., Dec. 05, 2025 (GLOBE NEWSWIRE) -- Leapfrog Acquisition Corporation (the "Company") announced today the pricing of its initial public offering of 12,500,000 units at a price of $10.00 per unit. The units are expected to commence trading on December 5, 2025 on the Global Market tier of The Nasdaq Stock Market LLC under the symbol LFACU.

The Company, which is led by Matthew R. Pollard, Abhay N. Pande and Kevin M. Murphy, is a special purpose acquisition company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Each unit sold in the offering consists of one Class A ordinary share (an "ordinary share") and one half of one redeemable warrant with a strike price of $11.50 per ordinary share exercisable within 5 years of the Company completing an initial business combination. Once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to be listed on the Global Market tier of The Nasdaq Stock Market LLC under the symbols "LFAC" and "LFACW," respectively.

BTIG, LLC is serving as the sole book-running manager of the offering. The underwriters have been granted a 45-day option to purchase up to an additional 1,875,000 units at the initial public offering price to cover over-allotments, if any.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (the "SEC") on December 4, 2025. The offering was made only by means of a prospectus, copies of which, when available, may be obtained by contacting BTIG, LLC, 65 East 55 Street, New York, NY 10022, by emailing ProspectusDelivery@btig.com, or by visiting the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Leapfrog Acquisition Corp

Leapfrog Acquisition Corp is a blank check company organized for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or engaging in any other similar business combination with one or more businesses or entities.

The Company is led by Chief Executive Officer, Matthew R. Pollard, President and Chief Investment Officer, Abhay N. Pande and Chief Financial Officer, Kevin M. Murphy.

The Company will prioritize businesses in the international energy supply chain and critical minerals sectors, including their related infrastructure in its search for attractive merger candidates.

Forward-Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including with respect to the anticipated use of the proceeds of the Company’s initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements, including those set forth in the risk factors section of the registration statement and prospectus for the Company’s initial public offering. Copies of these documents can be accessed through the SEC’s website at www.sec.gov. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.

Media Contact

Company: Leapfrog Acquisition Corp

Contact: Media Team

Telephone: +1-201-379-4200

LinkedIn: https://www.linkedin.com/company/leapfrog-acquisition-corporation

Email In the US:

abhay@leapfrogspac.com

Email In Asia:

matt@leapfrogspac.com

kevin@leapfrogspac.com

FAQ

What did Leapfrog Acquisition Corporation (LFACU) price its IPO at and when did it start trading?

Leapfrog priced 12,500,000 units at $10.00 per unit and began trading on December 5, 2025 under LFACU.

How much capital did LFACU raise in the IPO?

The offering raised aggregate proceeds of $125,000,000 before any exercise of the underwriters’ option.

What does each LFACU unit include and what is the warrant strike price?

Each unit includes one Class A ordinary share and one‑half of a redeemable warrant exercisable at $11.50 within 5 years of an initial business combination.

Will LFACU shares and warrants trade separately and under which symbols?

Once separated, ordinary shares are expected to trade as LFAC and warrants as LFACW on the Nasdaq Global Market.

What is the underwriters’ over‑allotment option for the LFACU IPO?

Underwriters have a 45‑day option to purchase up to 1,875,000 additional units at the IPO price to cover over‑allotments.