[SCHEDULE 13G/A] Launch Two Acquisition Corp. Warrant SEC Filing

Rhea-AI Filing Summary

Launch Two Acquisition Corp. Class A: Barclays PLC reports beneficial ownership of 1,137,340 shares of Launch Two Acquisition Class A common stock (CUSIP G5S87A105), equal to 4.94% of the class. The filing states Barclays has sole voting power and sole dispositive power over these shares and identifies Barclays Bank PLC as a relevant subsidiary.

Holding purpose: The filing certifies the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

Insights

Financial Analyst

TL;DR: Barclays holds 1,137,340 shares (4.94%) with sole voting/dispositive power; stake reported as ordinary-course holdings.

The reported position of 1,137,340 shares representing 4.94% is below a 5% ownership threshold, so it is unlikely to be material to valuation or control by itself. The filing explicitly states Barclays has sole voting and dispositive power, confirming direct control over vote and disposition for this block. The certification that the shares are held in the ordinary course and not to change control reduces the signal of activist intent. Overall, this is a transparent, routine disclosure of a minority stake.

Corporate Governance Expert

TL;DR: Sole voting/dispositive power on a sub-5% stake signals voting authority without an expressed intent to seek control.

The declaration of sole voting power indicates Barclays can vote these shares, which is relevant for proxy matters, but the 4.94% ownership level remains a minority interest. The filing names Barclays Bank PLC as a related subsidiary, clarifying internal ownership structure. The explicit certification that the stake was not acquired to influence control limits governance concerns; absent further accumulation or coordination, the filing has limited governance impact.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

LAUNCH TWO ACQUISITION- CL A

(Name of Issuer)

COMMON-STOCK

(Title of Class of Securities)

G5S87A105

(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. 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 1,137,340.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,137,340.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,137,340.00

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)

4.94 %

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 4.	Ownership
(a)	Amount beneficially owned: 1137340
(b)	Percent of class: 4.94 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1137340
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1137340
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	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
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

How many Launch Two Acquisition (LPBBW) Class A shares does Barclays PLC report owning?

Barclays PLC reports beneficial ownership of 1,137,340 shares of Launch Two Acquisition Class A common stock.

What percentage of Launch Two Acquisition does Barclays PLC own?

Barclays PLC reports ownership equal to 4.94% of the Class A common stock.

Does Barclays PLC have voting or dispositive power over these shares?

Yes. The filing reports sole voting power and sole dispositive power for the reported 1,137,340 shares.

Was the stake acquired to influence control of Launch Two Acquisition (LPBBW)?

No. The filing certifies the securities were acquired and are held in the ordinary course of business and not to change or influence control of the issuer.

Which subsidiary is identified in the filing as related to this ownership?

The filing identifies Barclays Bank PLC as the relevant subsidiary associated with the reported security.

What class of security and CUSIP are reported?

The filing reports Class A common stock of Launch Two Acquisition with CUSIP G5S87A105.