Leapfrog Acquisition Corporation Announces Closing of $143,750,000 Initial Public Offering

Rhea-AI Summary

Leapfrog Acquisition Corporation (Nasdaq: LFACU) closed its initial public offering on Dec 9, 2025, selling 14,375,000 units at $10.00 per unit for total gross proceeds of $143,750,000. The underwriters exercised the full overallotment of 1,875,000 units. Units began trading on Dec 5, 2025 on the Nasdaq Global Market under LFACU.

Each unit consists of one Class A ordinary share and one-half of a redeemable warrant with a $11.50 strike price, exercisable within 5 years after the company completes an initial business combination. Once separated, shares and warrants are expected to trade as LFAC and LFACW. BTIG served as sole book-running manager; the SEC declared the registration effective on Dec 4, 2025.

Positive

• Gross proceeds of $143,750,000
• Offering size of 14,375,000 units (including 1,875,000-unit overallotment)
• Units trade on Nasdaq Global Market under LFACU
• Warrants with $11.50 strike, exercisable within 5 years

Negative

• None.

Key Figures

Units Offered 14,375,000 units Total units in IPO, including overallotment

Overallotment Units 1,875,000 units Underwriters’ overallotment option exercised in full

IPO Price $10.00 per unit Initial public offering price per unit

Gross Proceeds $143,750,000 Total gross proceeds from IPO

Warrant Strike Price $11.50 per share Strike price for each redeemable warrant

Warrant Term 5 years Exercise window after initial business combination

IPO Trading Start December 5, 2025 Units commenced trading on Nasdaq Global Market

SEC Effectiveness Date December 4, 2025 Registration statement declared effective by SEC

Market Reality Check

$10.02 Last Close

Volume Volume 556,279 is about 2.2x the 20-day average of 253,104, indicating elevated post-IPO activity. high

Technical Trading at $10.02, above the 200-day MA of $9.42 and at the 52-week low.

Market Pulse Summary

This announcement confirms the closing of Leapfrog Acquisition Corporation’s IPO, issuing 14,375,000 units at $10.00 each for gross proceeds of $143,750,000. Each unit includes one Class A ordinary share and a half redeemable warrant with a $11.50 strike price and 5-year term post-business combination. Investors may monitor future disclosures on potential merger targets, warrant terms, and how trading in symbols LFACU, and later LFAC and LFACW, develops over time.

Key Terms

special purpose acquisition company financial

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

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

"and one half of one redeemable warrant with a strike price of $11.50"

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 financial

"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.

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.

prospectus regulatory

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

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. 09, 2025 (GLOBE NEWSWIRE) -- Leapfrog Acquisition Corporation (the "Company") announced today the closing of its initial public offering of 14,375,000 units, which includes the exercise in full by the underwriters of their overallotment option to purchase 1,875,000 units. The offering was priced at $10.00 per unit, generating total gross proceeds of $143,750,000. The units commenced 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.

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 may be obtained by contacting BTIG, LLC, 65 East 55th 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 Corporation 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 net proceeds of the offering will be used as anticipated. 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

Email: info@leapfrogspac.com

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

FAQ

How many units did Leapfrog Acquisition (LFACU) sell in its Dec 2025 IPO?

14,375,000 units were sold, including a 1,875,000-unit overallotment.

What were the proceeds and price per unit for Leapfrog Acquisition's IPO (LFACU)?

The offering was priced at $10.00 per unit, generating $143,750,000 in gross proceeds.

What does each Leapfrog Acquisition unit (LFACU) contain and what are the warrant terms?

Each unit contains one Class A ordinary share and one-half of a redeemable warrant with a $11.50 strike, exercisable within 5 years after a business combination.

When did LFACU begin trading and what are the expected separate ticker symbols?

Units began trading on Dec 5, 2025 as LFACU; separated shares and warrants are expected to trade as LFAC and LFACW.

Who managed Leapfrog Acquisition's IPO and when was the registration declared effective?

BTIG served as sole book-running manager and the SEC declared the registration effective on Dec 4, 2025.