Launchpad Cadenza Shares Static With $232M Trust Backing
Launchpad Cadenza Acquisition Corp I Class A shares traded at $10.01 midday Friday on Nasdaq, up 0.4% with 929 shares in volume. The SPAC’s trust account held $232.3 million as of March 31, with shares carrying a $10.10 redemption value. Launchpad reported $1.73 million net income for the first quarter, all from interest. The company has not selected a merger target.
