$2.3 billion SPAC financing completed, this company aims to strike it rich in the blockchain ecosystem

2025-12-20 10:12:12

Abstract generation in progress

【ChainNews】Recently, a special purpose acquisition company, Launchpad Cadenza, completed a NASDAQ listing, raising $230 million. The Class A common shares and warrants have been officially listed and traded, with the funds fully deposited into a trust account, and Cantor Fitzgerald serving as the lead underwriter.

The subsequent use of this financing is quite interesting — the company explicitly stated that it will focus on high-quality targets in the blockchain, fintech, and digital asset sectors. Future plans include business integration through mergers, acquisitions, share exchanges, and asset acquisitions with technology and software infrastructure companies within the ecosystem.

In other words, this is another strategic move by a SPAC within the crypto asset ecosystem. Against the backdrop of the booming Web3 development, traditional financial institutions are engaging in the blockchain industry through this approach, seeking collaborations with promising underlying technology and infrastructure providers. Such financing trends reflect the continued warming of the digital asset ecosystem in attracting mainstream capital attention.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

20 Likes

Reward
20
8
Repost
Share

Comment

0/400

WhaleWatcher

· 12-23 04:01

Is it another new trick for SPACs to play people for suckers? What real things can 2.3 billion create... Is TradFi so eager to rush on-chain? It feels like everyone is just after the bubble. Which project will get dumped this time? I bet fifty cents. There's something there, the infrastructure sector indeed needs money. Oh my, someone's dreams are going to be shattered again. Retail investors remember to rug pull before entering the market. Wait, Cantor Fitzgerald? The SPAC backed by this guy... I have some doubts. Sounds nice, but isn't it just financial capital sucking blood? Will there really be leader projects coming out of this wave? I'm not too optimistic. That being said, infrastructure investment is definitely better than those scamcoins, right? Will 2.3 billion activate any new narrative? It's hard to see through right now.

View OriginalReply0

RektHunter

· 12-22 12:04

2.3 billion is poured in just to buy the dip, TradFi is still eyeing this wave of ours.

View OriginalReply0

PoetryOnChain

· 12-22 09:31

Another SPAC player has entered the arena, investing 230 million in blockchain mining. Is this reliable this time?

View OriginalReply0

TokenUnlocker

· 12-20 10:40

Traditional finance can finally no longer sit still, pouring $2.3 billion into blockchain. Now, this will be interesting to watch. Big capital is bottom-fishing in infrastructure, indicating that the bottom has really arrived, right? The SPAC tactic is making a comeback in the crypto space. What happened to those projects before... Having more money is one thing, but the key is what they can actually create with it.

View OriginalReply0

DaisyUnicorn

· 12-20 10:36

Traditional finance is about to strike gold again, this time with a $2.3 billion pickaxe... Are the enthusiasts ready to be dug up?

View OriginalReply0

AirdropATM

· 12-20 10:33

2.3 billion coming in, are we really going all in this time? Traditional finance is catching wind, but we still need to see who gets picked next. SPAC tricks again? Getting a bit tired of it.

View OriginalReply0

GasWaster69

· 12-20 10:29

2.3 billion is pouring in, it seems Wall Street is really starting to take blockchain seriously, but in the end, it's probably those big firms that will get the most out of it...

View OriginalReply0

GateUser-44a00d6c

· 12-20 10:27

2.3 billion coming in again to do mergers and acquisitions? Is traditional finance really optimistic or just trying to harvest another wave of retail investors?

View OriginalReply0