[SCHEDULE 13G] Launch Two Acquisition Corp. SEC Filing

Rhea-AI Filing Summary

Bank of Nova Scotia filed a Schedule 13G reporting beneficial ownership of 1,296,800 Class A ordinary shares of Launch Two Acquisition Corp., representing 5.64% of the class as of 09/30/2025. The bank states it holds sole voting and sole dispositive power over all reported shares, with no shared voting or dispositive power. The filing lists the bank as a parent holding company organized in Canada and includes a certification about comparable foreign regulatory oversight. The signature line shows the filing was made by a Bank of Nova Scotia officer on 10/07/2025.

Positive

• 5.64% ownership is a material, disclosed stake showing significant institutional interest
• Sole voting and dispositive power over 1,296,800 shares gives clear control of voting and sale decisions
• Filed on Schedule 13G, indicating a passive holding under the rules at the time of filing

Negative

• None.

Insights

Institutional Ownership Analyst

Stake over 5% signals a notable institutional position with full control over votes.

The report shows 1,296,800 shares equal to 5.64% of the outstanding Class A shares, and the filer asserts sole voting and dispositive authority. That combination means the institution can exercise voting rights and sell or transfer the reported shares without needing co-holder consent.

Dependencies include the total share count remaining stable; any dilution or secondary offering would change the percentage. Watch for future amendments or Schedule 13D filings if the position is increased or if the holder announces an active intent to influence corporate actions within the next 30–90 days.

Corporate Governance Analyst

Filing as a parent holding company and the 13G format indicate passive intent for now.

The use of Schedule 13G (rather than 13D) typically signals a passive investment rather than an immediate takeover effort. The document also includes a certification that the bank's foreign regulatory regime is substantially comparable to U.S. banks, which supports the non-activist classification under the rules cited.

Risks include a change in intent that would trigger a Schedule 13D and potential proxy activity. Monitor filings for shifts in ownership or disclosures of any agreements with the issuer in the coming weeks.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Launch Two Acquisition Corp.

(Name of Issuer)

Class A Ordinary Shares

(Title of Class of Securities)

G5S87A105

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G5S87A105

1

Names of Reporting Persons

BANK OF NOVA SCOTIA

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,296,800.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,296,800.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,296,800.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.64 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Launch Two Acquisition Corp.
(b)	Address of issuer's principal executive offices: 180 GRAND AVENUE SUITE 1530, OAKLAND, CALIFORNIA 94612
Item 2.
(a)	Name of person filing: BANK OF NOVA SCOTIA
(b)	Address or principal business office or, if none, residence: 40 TEMPERANCE STREET TORONTO, Ontario, Canada M5H 0B4
(c)	Citizenship: BANK OF NOVA SCOTIA - CANADA (FEDERAL LEVEL)
(d)	Title of class of securities: Class A Ordinary Shares
(e)	CUSIP No.: G5S87A105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	A parent holding company, in accordance with 13d-1(b)(i)(ii)(g)
Item 4.	Ownership
(a)	Amount beneficially owned: 1,296,800
(b)	Percent of class: 5.64 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: BANK OF NOVA SCOTIA - 1,296,800
	(ii) Shared power to vote or to direct the vote: BANK OF NOVA SCOTIA - 0
	(iii) Sole power to dispose or to direct the disposition of: BANK OF NOVA SCOTIA - 1,296,800
	(iv) Shared power to dispose or to direct the disposition of: BANK OF NOVA SCOTIA - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to The Bank of Nova Scotia is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BANK OF NOVA SCOTIA

Signature:	Raj Sachdeva
Name/Title:	Vice President, Head of GBM&T, Compliance Canada
Date:	10/07/2025

FAQ

What stake does Bank of Nova Scotia report in Launch Two Acquisition Corp. (LPBB)?

The bank reports beneficial ownership of 1,296,800 shares, equal to 5.64% of the Class A ordinary shares.

Does the filing show shared voting or dispositive power?

No. The filing reports sole voting power and sole dispositive power over all 1,296,800 shares and 0 shared powers.

Was the position filed as active or passive?

The position was reported on Schedule 13G, which indicates a passive investment classification at filing.

What is the filer’s legal status and country of organization?

The filer is Bank of Nova Scotia, organized at the federal level in Canada, and identified as a parent holding company.

Who signed the Schedule 13G and when was it signed?

The filing was signed by Raj Sachdeva, Vice President, Head of GBM&T, Compliance Canada, on 10/07/2025.