Barclays PLC (LPBB) reports 5.03% passive stake in Launch Two Acquisition Class A

Rhea-AI Filing Summary

Barclays PLC has filed a Schedule 13G reporting beneficial ownership of shares in Launch Two Acquisition – Class A common stock. Barclays reports owning 1,158,089 common shares, representing 5.03% of the class as of the event date 12/31/2025.

Barclays has sole power to vote and dispose of all 1,158,089 shares and no shared voting or dispositive power. The filing identifies Barclays Bank PLC as the relevant subsidiary. Barclays certifies the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Insights

Equity ownership and disclosure analyst

Barclays reports a passive 5.03% stake in Launch Two Acquisition – Class A.

Barclays PLC discloses beneficial ownership of 1,158,089 Launch Two Acquisition – Class A common shares, equal to 5.03% of the class as of 12/31/2025. The firm reports sole voting and dispositive power over the full share amount.

The Schedule 13G structure and certification state that the position was acquired and is held in the ordinary course of business and not with the purpose or effect of changing or influencing control. The filing also notes Barclays Bank PLC as the subsidiary through which the securities were acquired.

This type of passive ownership disclosure mainly informs the market about a sizable institutional holder. Any future impact would depend on subsequent changes in ownership reported in later beneficial ownership filings or amendments, if any are made.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

LAUNCH TWO ACQUISITION- CL A

(Name of Issuer)

COMMON-STOCK

(Title of Class of Securities)

G5S87A105

(CUSIP Number)

12/31/2025

(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. G5S87A105

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 1,158,089.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,158,089.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,158,089.00

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)

5.03 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: LAUNCH TWO ACQUISITION- CL A
(b)	Address of issuer's principal executive offices: 180 Grand Avenue
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.: G5S87A105
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: 1158089
(b)	Percent of class: 5.03 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1158089
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1158089
	(iv) Shared power to dispose or to direct the disposition of: 0
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.
	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
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:	02/11/2026

FAQ

What stake does Barclays PLC report in Launch Two Acquisition (LPBB)?

Barclays PLC reports beneficial ownership of 1,158,089 Launch Two Acquisition – Class A common shares, representing 5.03% of that share class as of December 31, 2025, according to the Schedule 13G filing.

Does Barclays PLC have voting control over its LPBB shares?

Barclays PLC reports sole voting power over all 1,158,089 Launch Two Acquisition – Class A shares it beneficially owns and no shared voting power, indicating it alone can vote or direct the voting of these shares.

How much of LPBB’s Class A common stock does Barclays’ 13G say it owns?

The Schedule 13G states Barclays PLC beneficially owns 5.03% of Launch Two Acquisition – Class A common stock, corresponding to 1,158,089 shares, as of the event date listed in the filing.

Is Barclays’ ownership in Launch Two Acquisition (LPBB) considered passive?

Yes. Barclays certifies the securities were acquired and are held in the ordinary course of business, and not for the purpose or effect of changing or influencing control of Launch Two Acquisition, which is consistent with a passive Schedule 13G filing.

Which Barclays entity is identified as holding LPBB shares?

The filing identifies Barclays Bank PLC as the subsidiary that acquired the securities reported by Barclays PLC, which files as the parent reporting person on the Schedule 13G.

What is the event date for Barclays’ reported LPBB ownership?

The Schedule 13G lists December 31, 2025 as the Date of Event requiring the filing, indicating the ownership level triggering disclosure existed as of that date.