Launchpad Cadenza completes $230 million funding round; will seek mergers and acquisitions in areas such as digital assets.

According to Globenewswire, Launchpad Cadenza, a special purpose acquisition company, announced the completion of its initial public offering (IPO) on Nasdaq, raising a total of $230 million. The funds have been deposited into a trust, with Cantor Fitzgerald acting as the sole bookrunner. The company stated that it will subsequently seek mergers, acquisitions, share swaps, asset acquisitions, share purchases, restructurings, or similar business consolidations with technology and software infrastructure companies in the blockchain, fintech, and digital asset ecosystems.