Barclays Reports 7.99% Stake in Launch One Acquisition (LPAAU)

Rhea-AI Filing Summary

Barclays PLC reported beneficial ownership of 1,839,117 shares of Launch One Acquisition Corp common stock, representing 7.99% of the class. Barclays has 1,839,115 shares with sole voting and dispositive power and 2 shares with shared voting and dispositive power. The filing identifies Barclays as a parent holding company (HC) and names Barclays Bank PLC and Barclays Capital Securities Ltd as relevant subsidiaries.

The filing states the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer. This disclosure provides transparent reporting of a near-8% stake in LPAAU without indicating active control.

Positive

• Disclosed ownership of 1,839,117 shares (7.99%) which is material and increases transparency for investors
• Certification that holdings are held in the ordinary course of business indicates a passive intent rather than an attempt to influence control

Negative

• None.

Insights

Financial Analyst

TL;DR: Barclays reports a material near-8% passive stake in LPAAU, disclosed via Schedule 13G.

Barclays PLC's reported holding of 1,839,117 shares (7.99% of outstanding common stock) is a meaningful ownership position that must be monitored by holders for potential concentration effects. The filing classifies the position as held in the ordinary course of business and not for control, which is consistent with a passive investor reporting on a Schedule 13G rather than an activist 13D. The split of voting/dispositive power shows virtually all shares under sole control (1,839,115) with only 2 shares shared, clarifying Barclays' direct authority over the holdings.

Corporate Governance Expert

TL;DR: Disclosure signals transparency but does not indicate a change in governance or control intent.

The filing names Barclays as a parent holding company (HC) and lists Barclays Bank PLC and Barclays Capital Securities Ltd as related subsidiaries, which clarifies the reporting structure and potential channels of ownership. Because the filer certifies the position is held in the ordinary course and not to influence control, this appears to be a passive disclosure rather than a precursor to governance action. Governance stakeholders should note the size of the stake but recognize the declarative passive intent in the certification.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

LAUNCH ONE ACQUISITION CORP

(Name of Issuer)

COMMON-STOCK

(Title of Class of Securities)

G5S86M100

(CUSIP Number)

06/30/2025

(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. G5S86M100

1

Names of Reporting Persons

Barclays PLC

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

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,839,115.00
6	Shared Voting Power 2.00
7	Sole Dispositive Power 1,839,115.00
8	Shared Dispositive Power 2.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,839,117.00

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)

7.99 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: LAUNCH ONE ACQUISITION CORP
(b)	Address of issuer's principal executive offices: 180 Grand Avenue, Suite 153, CA, 94612
Item 2.
(a)	Name of person filing: Barclays PLC
(b)	Address or principal business office or, if none, residence: 1 Churchill Place, London - E14 5HP
(c)	Citizenship: X0
(d)	Title of class of securities: COMMON-STOCK
(e)	CUSIP No.: G5S86M100
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: 1839117
(b)	Percent of class: 7.99 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1839115
	(ii) Shared power to vote or to direct the vote: 2
	(iii) Sole power to dispose or to direct the disposition of: 1839115
	(iv) Shared power to dispose or to direct the disposition of: 2
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.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Barclays Bank PLC, Barclays Capital Securities Ltd
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 acquired and are held in the ordinary course of business and 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.

Barclays PLC

Signature:	Ramya Rao
Name/Title:	Director
Date:	08/12/2025

FAQ

What stake does Barclays PLC report in Launch One Acquisition Corp (LPAAU)?

Barclays PLC reports beneficial ownership of 1,839,117 shares, representing 7.99% of LPAAU common stock.

How many shares does Barclays solely control in LPAAU?

The filing shows Barclays has sole voting and dispositive power over 1,839,115 shares and shared power over 2 shares.

Is Barclays' filing active or passive for LPAAU?

The Schedule 13G includes a certification that the securities are held in the ordinary course of business and not to influence control, indicating a passive disclosure.

Which Barclays entities are identified in the Schedule 13G for LPAAU?

The filing identifies Barclays Bank PLC and Barclays Capital Securities Ltd as relevant subsidiaries associated with the parent holding company.

What type of reporting person is Barclays listed as in the filing?

Barclays is classified as a HC United Kingdom.