Launchpad Cadenza completes $230 million fundraising and will seek merger transactions in areas such as digital assets

According to Globenewswire, the special purpose acquisition company Launchpad Cadenza announced that its Class A common stock and warrants have completed their initial public offering (IPO) on Nasdaq, raising a total of $230 million, with the related funds now held in trust. Cantor Fitzgerald acted as the sole book-running manager for this offering.

The company stated that it will seek to merge, acquire, exchange shares, purchase assets, buy shares, restructure, or engage in similar business combinations with technology and software infrastructure companies in the blockchain, fintech, and digital asset ecosystems.