Launch One (NASDAQ: LPAA) gains 6.2% shareholder W. R. Berkley
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
Launch One Acquisition Corp. reported that W. R. Berkley Corporation and its subsidiary Berkley Insurance Company beneficially own 1,423,290 Class A ordinary shares, equal to 6.2% of the class as of the event date. The shares carry shared, but not sole, voting and dispositive power.
The filing states the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control of Launch One Acquisition Corp.
Positive
- None.
Negative
- None.
FAQ
What percentage of Launch One (LPAA) does W. R. Berkley own according to the Schedule 13G?
The filing shows W. R. Berkley Corporation beneficially owns 6.2% of Launch One Acquisition Corp.’s Class A shares. This percentage is based on 1,423,290 shares and indicates a significant, but minority, ownership position in the company’s outstanding Class A ordinary shares.
Which entities are listed as reporting persons in the Launch One (LPAA) Schedule 13G?
The filing lists W. R. Berkley Corporation and its subsidiary Berkley Insurance Company as reporting persons. Both entities are organized in Delaware and each is shown as beneficially owning 1,423,290 Launch One Acquisition Corp. Class A ordinary shares.
What is W. R. Berkley’s stated intent regarding control of Launch One (LPAA)?
The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Launch One Acquisition Corp., nor in connection with any transaction intended to have that effect.