Adage discloses 5.43% Launchpad Cadenza (LPCV) ownership stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
Launchpad Cadenza Acquisition Corp I received a Schedule 13G showing that Adage Capital Management, L.P. and related reporting persons beneficially own 1,250,000 Class A ordinary shares, or 5.43% of the class, as of an aggregate 23,000,000 Class A shares outstanding referenced in company filings.
The shares are held through Adage Capital Partners, L.P., with investment authority attributed to Adage Capital Management, L.P. and oversight roles for Robert Atchinson and Phillip Gross. The filing certifies the position was acquired and is held in the ordinary course of business, without the purpose or effect of changing or influencing control of the company.
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FAQ
What ownership stake in Launchpad Cadenza (LPCV) does Adage report?
Adage Capital Management and related reporting persons report beneficial ownership of 1,250,000 Class A ordinary shares, representing 5.43% of Launchpad Cadenza Acquisition Corp I’s outstanding Class A shares, based on 23,000,000 shares outstanding referenced in the company’s prospectus and Form 8-K.
Who are the reporting persons on the Launchpad Cadenza (LPCV) Schedule 13G?
The Schedule 13G is filed by Adage Capital Management, L.P., investment manager to Adage Capital Partners, L.P., and by individuals Robert Atchinson and Phillip Gross. They report beneficial ownership of the same 1,250,000 Class A ordinary shares of Launchpad Cadenza Acquisition Corp I.
Is Adage’s 5.43% Launchpad Cadenza (LPCV) stake a passive investment?
Yes. The certification states 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, nor in connection with any transaction intended to change control, other than limited nomination-related activities referenced in the rule.
What securities and CUSIP are covered in the Launchpad Cadenza (LPCV) 13G?
The filing covers Class A ordinary shares, par value $0.0001 per share, of Launchpad Cadenza Acquisition Corp I. The Class A shares themselves have no separate CUSIP; the CUSIP G6001S123 applies to the units that include these Class A ordinary shares.
How was the 5.43% ownership in Launchpad Cadenza (LPCV) calculated?
The reported 5.43% figure is based on 1,250,000 Class A ordinary shares held versus 23,000,000 Class A ordinary shares outstanding. That outstanding share count comes from the company’s prospectus and Form 8-K, reflecting completion of the offering and full over-allotment exercise.