Leader's Advantage 8.6% passive stake disclosed

Two affiliated investment entities report passive beneficial ownership of 8.6% of Leader's Advantage Acquisition Corp. Units.

Rhea-AI Filing Summary

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.

Key Figures

Units beneficially owned: 1,285,000 Units Percent of class: 8.6% Issuer Units outstanding: 15,000,000 Units +2 more

5 metrics

Units beneficially owned 1,285,000 Units Beneficial ownership reported by MMCAP International Inc. SPC and MM Asset Management Inc.

Percent of class 8.6% Percentage of Leader's Advantage Acquisition Corp. Units beneficially owned

Issuer Units outstanding 15,000,000 Units Basis used to calculate the 8.6% ownership

Shared voting power 1,285,000 Units Units over which the reporting persons share voting power

Shared dispositive power 1,285,000 Units Units over which the reporting persons share dispositive power

Key Terms

beneficially owned, shared voting power, shared dispositive power, Schedule 13G, +1 more

5 terms

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 1,285,000"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power financial

"Shared Voting Power 1,285,000.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 1,285,000.00"

Schedule 13G regulatory

"form_type": "SCHEDULE 13G"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Units financial

"Title of class of securities: Units"

Units are bundled securities sold as one package in a financing—commonly a share paired with an instrument that gives the holder the right to buy more shares later. For investors this matters because a unit’s extra component can change future supply of shares and potential returns, similar to buying a combo with a coupon that can be redeemed later and alter what you actually receive and what others might own.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What ownership stake in LEDRU is reported in this Schedule 13G?

The reporting persons disclose beneficial ownership of 1,285,000 Units of Leader's Advantage Acquisition Corp., representing 8.6% of the class, based on 15,000,000 issuer Units outstanding.

Who filed the Schedule 13G regarding Leader's Advantage Acquisition Corp. (LEDRU)?

The Schedule 13G is jointly filed by MMCAP International Inc. SPC, organized in the Cayman Islands, and MM Asset Management Inc., organized in Ontario, Canada, as reporting persons for their holdings of Leader's Advantage Acquisition Corp. Units.

How many LEDRU Units do the reporting persons control voting and dispositive power over?

The reporting persons report shared voting power over 1,285,000 Units and shared dispositive power over 1,285,000 Units, with no sole voting or sole dispositive power over any Units.

What percentage of Leader's Advantage Acquisition Corp. Units do 1,285,000 Units represent?

The filing states that 1,285,000 Units represent 8.6% of Leader's Advantage Acquisition Corp.’s outstanding Units, calculated based on 15,000,000 issuer Units outstanding.

What class of LEDRU securities is covered by this Schedule 13G?

The Schedule 13G relates to Units of Leader's Advantage Acquisition Corp., identified in the filing as the relevant class of securities and associated with CUSIP G54093128.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/21/2026 - 02:59 PM Accepted by SEC EDGAR 09/21/2026 - 02:59 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Leader's Advantage Acquisition Corp.

(Name of Issuer)

Units

(Title of Class of Securities)

G54093128

(CUSIP Number)

09/18/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G54093128

1

Names of Reporting Persons

MMCAP International Inc. SPC

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,285,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,285,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,285,000.00

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)

8.6 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Based on 15,000,0000 outstanding Issuer Units

SCHEDULE 13G

CUSIP Number(s): G54093128

1

Names of Reporting Persons

MM Asset Management Inc.

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

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,285,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,285,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,285,000.00

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)

8.6 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Based on 15,000,000 outstanding Issuer units

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Leader's Advantage Acquisition Corp.
(b)	Address of issuer's principal executive offices: 1288 NJ-73, Suite 401, Mt. Laurel Township, NJ 08054
Item 2.
(a)	Name of person filing: i) MMCAP International Inc. SPC ii) MM Asset Management Inc.
(b)	Address or principal business office or, if none, residence: i) c/o Mourant Governance Services (Cayman) Limited, 94 Solaris Avenue, Camana Bay, P. O. Box 1348, Grand Cayman KY1-1108, Cayman Islands ii) 161 Bay Street, TD Canada Trust Tower, Suite 2240, Toronto, Ontario M5J 2S1 Canada
(c)	Citizenship: i) Cayman Islands ii) Ontario, Canada
(d)	Title of class of securities: Units
(e)	CUSIP Number(s): G54093128
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).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,285,000
(b)	Percent of class: 8.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 1.285,000
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1,285,000
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
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 securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

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.

MMCAP International Inc. SPC

Signature:	Ulla Vestergaard
Name/Title:	Director
Date:	09/21/2026

MM Asset Management Inc.

Signature:	Hillel Meltz
Name/Title:	President
Date:	09/21/2026

Exhibit Information

Exhibit 99.1 Joint Filing Agreement