Leader's Advantage Acquisition Corp. (LEDRU) director Andrew Ang acquired 15,000 Class B ordinary shares on September 21, 2026, through an assignment from Leader's Advantage Company, LLC, the Sponsor, in connection with his board appointment. The reported price was $0.006 per share, and his reported position after the transaction was 15,000 shares held directly. The shares automatically convert into Class A ordinary shares one-for-one at the issuer's initial business combination, subject to adjustment pursuant to certain anti-dilution rights, and are subject to forfeiture under certain circumstances relating to his board service. No Rule 10b5-1 plan is reported.
Leader’s Advantage Acquisition Corp. (LEDRU) completed its initial public offering on September 21, 2026, selling 15,000,000 units at $10.00 each for gross proceeds of $150,000,000. Each unit contains one Class A ordinary share and one-half of a redeemable warrant; each whole warrant is exercisable for one Class A ordinary share at $11.50. The units began trading on Nasdaq Global Market on September 18, 2026. Underwriters have a 45-day option to buy up to 2,250,000 additional units to cover over-allotments, if any.
At closing, the company also sold 193,125 private placement shares to the underwriters for $1,931,250 in gross proceeds and 1,750,000 private placement warrants to its sponsor for $3,500,000 in gross proceeds. $151,125,000 was placed in a trust account, including the underwriter’s $6,000,000 deferred discount. Trust funds are held until a business combination or specified shareholder redemptions, subject to an interest exception for taxes and dissolution expenses. If the company does not complete a business combination within 18 months of the IPO closing, public shares are subject to redemption.
Leader's Advantage Acquisition Corp. (LEDRU) received a Schedule 13G reporting that MMCAP International Inc. SPC and MM Asset Management Inc. together beneficially own 1,285,000 Units of the company. This represents 8.6% of the outstanding Units, based on 15,000,000 issuer Units outstanding.
The filing states that the reporting persons have no sole voting or dispositive power over these Units, but hold shared voting and shared dispositive power over all 1,285,000 Units. The Units are of the class identified by CUSIP G54093128.
Leader’s Advantage Acquisition Corp. (LEDRU), a Cayman Islands blank check company, is conducting an initial public offering of 15,000,000 units at $10.00 per unit, for gross proceeds of $150,000,000. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable at $11.50 for one Class A share, starting 30 days after completion of the initial business combination and expiring five years later.
The underwriters have a 45-day option to purchase up to 2,250,000 additional units. A total of $151,125,000 (or $173,793,750 if the over-allotment is exercised in full), equal to $10.075 per unit, will be placed in a U.S.-based trust account and used to redeem public shares or fund a business combination. Public shareholders may redeem shares at the cash held in the trust per share, subject to limits including a 15% cap for any group without the company’s consent if a shareholder vote is held.
The sponsor purchased 4,312,500 Class B founder shares for $25,000 (of which up to 562,500 may be surrendered) and has committed to buy 1,750,000 private placement warrants for $3,500,000. The underwriters will buy 193,125 Class A shares for $1,931,250 in a private placement. Founder shares convert into Class A shares with anti-dilution rights designed to maintain 20% of ordinary shares outstanding around the business combination, which, together with private and potential working capital warrants, may result in material dilution and creates incentives and conflicts of interest highlighted in the risk disclosures.
Leader's Advantage Acquisition Corp. (LEDRU) had its President, Chakrabarti Raj, file an initial statement of beneficial ownership on Form 3. The filing lists no reportable transactions or derivative positions and does not report any securities as beneficially owned by this officer.
Leader's Advantage Acquisition Corp. (LEDRU) has an initial insider ownership report filed by Chinmay Shukla, who serves as a director of the company. This Form 3 does not report any equity or derivative transactions and does not list any holdings for the reporting person.
Leader's Advantage Acquisition Corp. (LEDRU) had its Chief Financial Officer, Edward Krynski, file an initial Form 3 as a reporting person. The filing lists him as an officer with the title Chief Financial Officer and reports no transactions and no holdings of company securities at this time.
Leader's Advantage Acquisition Corp. (LEDRU) filed an initial statement of beneficial ownership on Form 3 for Constantinides George Michael, who is identified as a director of the company. The filing reports no transactions, derivative positions, or share holdings for this reporting person at this time.
Leader's Advantage Acquisition Corp. (LEDRU) reported initial insider and major holder positions. Chief Executive Officer and director Dr. Paritosh M. Chakrabarti, through Leader's Advantage Company, LLC (the Sponsor), is a ten percent owner with 4,312,500 shares of Class B common stock indirectly held, which are convertible into Class A common stock on a one-for-one basis at the time of the initial business combination. The Sponsor paid $25,000 for these founder shares on January 13, 2026, and 562,500 shares are subject to forfeiture if the underwriters do not fully exercise their over-allotment option; Dr. Chakrabarti may be deemed the beneficial owner but disclaims beneficial ownership where he has no pecuniary interest.