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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d)
of
the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): October
27, 2026
Leader’s Advantage Acquisition Corp.
(Exact
name of registrant as specified in its charter)
| Cayman Islands |
|
001-43442 |
|
98-1898982 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer
Identification No.) |
1288 NJ-73, Suite 401,
Mt Laurel Township, NJ 08054
(Address
of principal executive offices, including zip code)
Registrant’s
telephone number, including area code: (856) 533-1866
Not
applicable
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
| ☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
| Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
| Units, each consisting of one Class A ordinary share and one-half of one Redeemable Warrant |
|
LEDRU |
|
The Nasdaq Stock Market LLC |
| Class A Ordinary Shares, par value $0.0001 per share |
|
LEDR |
|
The Nasdaq Stock Market LLC |
| Redeemable Warrants, each whole warrant exercisable for one Class ordinary share at a price of $11.50 per share |
|
LEDRW |
|
The Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01. Other Events.
As
previously disclosed, on September 21, 2026, Leader’s Advantage Acquisition Corp. (the “Company”) consummated
its initial public offering (“IPO”) of 15,000,000 units (the “Units”). Each Unit consists of one
Class A ordinary share, $0.0001 par value (“Class A Ordinary Share”), and one-half of one redeemable warrant of the
Company (each, a “Warrant”), with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary
Share for $11.50 per share.
On
October 27, 2026, the underwriters partially exercised their over-allotment option (the “Over-Allotment Option”) to
purchase an additional 650,000 Units (the “Option Units”) at a price of $10.00 per Option Unit. The closing of the
issuance and sale of the Option Units occurred on October 29, 2026. The sale of the Option Units generated total gross proceeds to the
Company of $6,500,000.
On October 29, 2026, the Company issued a press release announcing the closing of the partial exercise of the Over-Allotment Option, a
copy of which is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K.
Item
9.01 Exhibits.
(d)
Exhibits.
| 99.1 |
|
Press Release, dated October 29, 2026. |
| 104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
| |
Leader’s
Advantage Acquisition Corp. |
| |
|
|
| |
By: |
/s/
Dr. Paritosh M. Chakrabarti |
| |
|
Name: |
Dr. Paritosh Chakrabarti |
| |
|
Title: |
Chairman and Chief Executive
Officer |
| |
|
|
| Dated: October 30, 2026 |
|
|
Exhibit
99.1
Leader’s
Advantage Acquisition Corp. Announces Closing of Partial Exercise of Over-Allotment Option in Connection with its Initial Public Offering
Mt.
Laurel Township, NJ, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Leader’s Advantage Acquisition Corp. (the “Company”) a
blank check company whose business purpose is to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses, announced today that it closed the sale of an additional 650,000 units
of the Company, pursuant to the partial exercise of the underwriter’s over-allotment option granted in connection with the Company’s
initial public offering (together with the over-allotment closing, the “Offering”), at the price of $10.00 per unit, resulting
in additional gross proceeds of approximately $6,500,000.
After
giving effect to this partial exercise of the over-allotment option, the total number of units sold in the Offering increased to 15,650,000
units, resulting in total gross proceeds of $156,500,000, before deducting underwriting discounts and estimated offering expenses.
The
Company’s units began trading on September 18, 2026 on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol
“LEDRU.” Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant, with each
whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share.
No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities constituting
the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “LEDR”
and “LEDRW,” respectively.
The
Company’s primary focus will be completing a healthcare-focused business combination with an established business of scale along
with first-in-class drug candidates with large addressable markets poised for continued growth, led by a highly regarded management team,
that the Company’s management believes would benefit from financial, operational, strategic or managerial enhancement to maximize
value.
The
Company’s management team is led by Dr. Paritosh M. Chakrabarti, Chairman and Chief Executive Officer, Dr. Raj Chakrabarti,
President, and Edward Krynski, Chief Financial Officer.
Clear
Street LLC acted as lead book-running manager and D. Boral Capital LLC acted as bookrunner for the Offering.
A
registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”)
on September 17, 2026. The Offering was made only by means of a prospectus. Copies of the final prospectus relating to the Offering may
be obtained from: Clear Street LLC, Attn: Syndicate Department, 150 Greenwich Street, 45th Floor, New York, NY 10007, or via email at
ecm@clearstreet.io and D. Boral Capital LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, or via email at dbccapitalmarkets@dboralcapital.com.
This
press release shall not constitute an offer to sell or the 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.
Forward-Looking
Statements
This
press release contains statements that constitute “forward-looking statements,” including with respect to the anticipated
use of the net proceeds from the Offering and the Company's expectations regarding its ability to complete a business combination. No
assurance can be given that the Company will ultimately complete a business combination transaction in the sector it is targeting, or
at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including
those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Offering filed with
the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements
for revisions or changes after the date of this release, except as required by law.
Media
Contact:
Paul
Weiss
pweiss@pmc-group.com
