On March 20, 2026, Launch One Acquisition Corp. entered into a Working Capital Promissory Note with Launch One Sponsor, LLC, allowing for a loan of up to $1,000,000 to be drawn in three tranches. The initial loan of $500,000 is intended to address the company's operational expenses, with two additional loans of $250,000 each contingent upon specific corporate actions, such as entering into a business combination agreement or extending the deadline for such a combination. The terms include an original issue discount of 20% and an annual interest rate of 8%, which could rise to 26% in case of default. This financing arrangement is crucial for the company, given its limited cash reserves at year-end, and aims to ensure continued operational viability as it navigates its business strategy and potential mergers or acquisitions. The company is classified as an emerging growth company, which may influence its financial reporting and operational strategies moving forward.

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