Launch Two Acquisition Corp. amended its business combination agreement with NuCube Energy, extending the Outside Date to January 7, 2027, at 5:00 p.m. Eastern time, subject to the agreement’s termination limitations. The amendment permits NuCube to enter into securities purchase agreements before Closing for the issuance and sale of Series A-4 Preferred Stock, on terms substantially similar to and not materially more favorable to investors in the aggregate than those in Appendix A.
The stated terms are $12.779 per share, a 1:1 conversion ratio and 50% warrant coverage at $15.887 per warrant share. The amendment provides that the Series A-4 issuance will not reduce the aggregate merger consideration to be received by NuCube security holders before giving effect to that issuance. It raises Launch Two’s post-closing Incentive Plan reserve from 10% to 12.5% of outstanding shares and requires a new employee stock purchase plan with a reserve equal to 2% of fully diluted equity capitalization after Closing.
Communications concerning Launch Two Acquisition Corp. (LPBBU) report that NuCube Energy signed a collaboration agreement with National Tsing Hua University (NTHU) on October 19, 2026. The parties will conduct technical exchanges and feasibility assessments for potential campus deployment of NuCube’s NuSun™ microreactors, exploring a NuSun-1 concept using thermophotovoltaic cells and a modified design for boron neutron capture therapy, research, and potential isotope production.
NTHU Professor Tsung-Kuang Yeh said the university plans to install a 1 MW NuSun-1 unit for nuclear education and research. NTHU anticipates campus adoption once NuCube’s MMR achieves commercial operation in the United States. NuCube is advancing a demonstration unit with Idaho State University under the U.S. Department of Energy’s Nuclear Reactor Innovation Center Launch Pad USA program. After the separate proposed business combination, the combined company is expected to list on Nasdaq or NYSE, subject to listing requirements and other closing conditions.
Launch Two Acquisition Corp. (LPBB) shareholders approved an amendment extending the deadline to complete a business combination monthly, up to six times, from October 9, 2026 to April 9, 2027, or an earlier date determined by the board. The extension proposal received 21,221,691 votes for and 2,558,191 against. Shareholders also ratified WithumSmith+Brown, PC as the independent registered public accounting firm for the year ending December 31, 2026, with 23,647,778 votes for and 2,558,145 against.
Under non-redemption agreements, investors committed not to redeem and to vote in favor of the amendment with respect to 4,481,851 Class A ordinary shares. In exchange, Launch Two Sponsor LLC agreed to transfer 256,061 Class A ordinary shares per extension month, as needed, upon closing of the initial business combination. The transfers are conditional on the investors not redeeming or rescinding prior redemption requests, voting for the amendment, and the amendment’s approval. Holders redeemed 18,322,071 Public Shares at approximately $10.84 per share, for an aggregate redemption amount of approximately $198.6 million; 4,677,929 Public Shares remained issued and outstanding.
Launch Two Acquisition Corp. postponed its extraordinary general meeting in lieu of an annual general meeting to Thursday, October 8, 2026, at 1:00 p.m. Eastern Time. Shareholders will consider, among other matters, a proposal to amend the company’s governing documents to allow the deadline for completing an initial business combination to be extended monthly up to six (6) times, from October 9, 2026, to April 9, 2027, or an earlier date set by the board. The redemption deadline for the proposal vote is Wednesday, October 7, 2026, at 5:00 p.m. Eastern Time.
Launch Two Acquisition Corp. postponed its extraordinary general meeting from October 6 to October 7, 2026, at 10:00 a.m. Eastern Time. The meeting will consider, among other matters, a proposal to extend the deadline for completing an initial business combination from October 9, 2026, to April 9, 2027, through monthly extensions up to six times, or to an earlier date determined by the board. The deadline to exercise redemption rights was extended to October 5, 2026, at 5:00 p.m. Eastern Time, two business days before the meeting.
Launch Two Acquisition Corp. reported that Launch Two Sponsor LLC converted 5,749,999 Class B ordinary shares into the same number of Class A ordinary shares on September 30, 2026, on a one-for-one basis and for no additional consideration. The Class B shares were convertible at the holder’s option and had no expiration date. After the conversion, reported holdings were 5,749,999 Class A ordinary shares and 1 Class B ordinary share. Ryan Mark Gilbert, a director and the Sponsor’s sole managing member, may be deemed to beneficially own the Sponsor-held securities; he disclaims beneficial ownership except to the extent of his pecuniary interest.
Launch Two Acquisition Corp. issued 5,749,999 Class A ordinary shares to Launch Two Sponsor LLC on September 30, 2026, when the sponsor converted an equal number of Class B ordinary shares. After the conversion, 28,749,999 Class A ordinary shares and 1 Class B ordinary share were issued and outstanding. The converted shares remain subject to the restrictions that applied to the Class B shares, including certain transfer restrictions, waiver of redemption rights and the obligation to vote in favor of an initial business combination.
The company and its sponsor intend to enter into non-redemption agreements with one or more shareholders in connection with a proposal to extend the business-combination deadline from October 9, 2026 to April 9, 2027. Investors would agree not to redeem a to-be-determined number of Class A shares and to vote for the proposal. The sponsor anticipates transferring a certain number of its Class A shares to those investors promptly after the initial business combination, at a ratio to be negotiated. If entered, the agreements are expected to increase the likelihood of approval and the funds remaining in the trust account.
Launch Two Acquisition Corp. (LPBB) reported that, together with NuCube Energy, Inc., it has publicly filed a registration statement on Form S-4 with the SEC, with NuCube as co-registrant, in connection with their previously announced proposed business combination. The Form S‑4 includes a preliminary proxy statement/prospectus for Launch Two shareholders and has not yet been declared effective.
Closing of the business combination will depend on approval by Launch Two’s shareholders and NuCube’s stockholders and other customary conditions, and there is no assurance it will be completed. The disclosure highlights extensive forward‑looking statements and risk factors, including deal completion risk, listing risk for the combined company, regulatory and licensing challenges for NuCube’s advanced nuclear microreactor business, and potential legal proceedings.
Launch Two Acquisition Corp. (LPBB) is asking shareholders to approve amendments extending the deadline to complete a Business Combination, including its planned merger with NuCube Energy, beyond October 9, 2026. The board seeks authority to extend the completion window monthly, up to six times, to as late as April 9, 2027, and to ratify Withum as auditor and permit potential meeting adjournments to solicit more proxies.
Holders of the 23,000,000 Class A public shares may elect to redeem in connection with the extension vote for cash equal to their pro rata share of the funds in the trust account, which held about $249.4 million, or roughly $10.84 per public share, as of September 9, 2026. Public shareholders who do not redeem retain the right to vote on and redeem in connection with the NuCube Business Combination (or another deal) or to receive cash if no combination is completed by the extended deadline. If the extension is not approved and no business combination closes by October 9, 2026, the company will redeem all public shares and liquidate, and the warrants will expire worthless.
Launch Two Acquisition Corp. (LPBBU) reports that its proposed business combination partner, NuCube Energy, Inc., shared new public communications on September 8, 2026 via LinkedIn and X highlighting its NuSunᵀᴹ advanced nuclear platform.
NuCube states that NuSunᵀᴹ is designed around TRISO high-temperature fuel, emphasizing strong fission-product retention and its integration with graphite and passive heat-pipe cooling. According to NuCube, this fuel-centric approach is described as central to the platform’s safety, performance, and long core life.