05:35 PM EDT, 07/11/2024 (MT Newswires) -- Launch One Acquisition said late Thursday it has priced its initial public offering of 20 million units, with each unit consisting of one Class A share and one-half of one redeemable warrant.

Each whole warrant can purchase one share at $11.50 per share, the company said.

The units are expected to be listed on Nasdaq and start trading Friday under the ticker LPAAU, while the shares and warrants will likely trade under the symbols LPAA and LPAAW, respectively, the company said.

The company granted underwriters a 45-day option to buy up to 3 million additional units at the IPO price to cover any over-allotments.

The offering is expected to close Monday.