Leapfrog Acquisition, a blank check company targeting energy and infrastructure outside of the US, raised $125 million by offering 12.5 million units at $10.00. Each unit consists of one share of common stock and one-half of one warrant, exercisable at $11.50.
Leapfrog Acquisition is led by CEO and Director Matthew Pollard, who founded and currently serves as a managing director of Singapore-based investment banking firm Capital Partners Group, and CFO Kevin Murphy, who founded and serves as a managing director of Myanmar-based investment advisory firm Andaman Capital Partners. While the SPAC has not yet selected a target industry or geography, it plans to focus on energy and infrastructure outside of the US.
Leapfrog Acquisition plans to list on the Nasdaq under the symbol LFACU. BTIG acted as sole bookrunner on the deal.
