Launch Two Acquisition Corp. and NuCube Energy, Inc. announced the public filing of a Form S-4 registration statement with the SEC on September 15, 2026, relating to their proposed business combination. The transaction was initially agreed upon in June 2026 and follows a confidential draft submission in August. The filing includes a preliminary proxy statement/prospectus for Launch Two shareholders to vote on the merger, which remains subject to shareholder approval and customary closing conditions. This development marks a significant procedural step toward the potential deSPAC transaction that would merge NuCube into Launch Two. Launch Two Acquisition Corp. operates as a special purpose acquisition company formed to effect business combinations with private enterprises.

Launch Two Acquisition Corp. entered into a Working Capital Promissory Note with its Sponsor, securing an $848,000 loan to fund operational expenses amid limited cash reserves. The agreement includes an 8% annual interest rate and allows for extensions subject to fees. Concurrently, the Sponsor secured this funding through a non-recourse Credit Agreement with a lender, pledging approximately 51% of its founder shares as collateral. As part of these financing arrangements, the Sponsor agreed to transfer 150,000 Class B ordinary shares to the lender and sell 350,000 Class B ordinary shares to Strategic Capital Advisories for consulting services related to a potential business combination. These transactions required waivers of existing insider transfer restrictions. Launch Two Acquisition Corp. operates as a blank check company in the financial services industry, focused on identifying and merging with private entities.

Launch Two Acquisition Corp. entered into a Business Combination Agreement with NuCube Energy, Inc. on June 25, 2026. Under the terms, NuCube will merge with a subsidiary of the SPAC, resulting in NuCube becoming a wholly owned subsidiary of the combined entity. The transaction includes an aggregate consideration of newly issued SPAC common stock based on a $500,000,000 purchase price and a $10.82 reference price, plus an earnout of up to 12,575,000 additional shares if the stock price reaches $18.00 for a specified period. The agreement also includes the appointment of Thomas D. Hennessy to the SPAC Board and a new employment agreement for NuCube CEO Dr. Cristian Rabiti. Launch Two Acquisition Corp. is a special purpose acquisition company (SPAC) seeking to merge with a target in the advanced nuclear energy sector.

On June 25, 2026, Launch Two Acquisition Corp. announced it entered into a Business Combination Agreement with NuCube Energy, Inc. The transaction involves Launch Two re-domiciling from the Cayman Islands to Delaware, followed by a merger where a subsidiary of Launch Two will merge into NuCube, leaving NuCube as the surviving entity and a wholly-owned subsidiary of Launch Two. NuCube's preferred stock will convert to common stock prior to the merger, and common stockholders will receive shares of Launch Two based on an exchange ratio defined in the agreement. The company intends to file a Form S-4 registration statement with the SEC. Launch Two is a special purpose acquisition company (SPAC) and NuCube Energy operates in the advanced nuclear energy industry, focusing on microreactor technology for industrial and data center power.