Launchpad Streetlight Acquisition Corp is a blank check company (SPAC) incorporated in the Cayman Islands in August 2025. The company has no operations — its sole purpose is to raise capital through an IPO and use those proceeds to acquire a private business, taking it public through a merger. Launchpad Streetlight is raising $200M by selling 20M units at $10.00 each, with proceeds held in a trust account invested in short-term U.S. Treasuries until a deal closes. The company intends to focus on restaurants, hotels, hospitality, food and beverage, retail and consumer goods, hospitality technology, casinos and gaming, and professional sports teams, though it is not required to acquire a target in any of these industries. The SPAC must complete a business combination within 24 months, acquiring a target with a fair market value of at least 80% of the trust. Public shareholders can redeem their shares for approximately $10.00 each if they dislike the deal. The sponsor, LPSL Sponsor LLC, received founder shares for a nominal investment that could be worth significantly more upon deal completion — economics that are highly asymmetric relative to public shareholders. The management team combines restaurant operators, including the founder of Streetlight Ventures and the former President of Dunkin' Donuts, with SPAC capital markets professionals from Launchpad Capital, who are simultaneously involved in several other active SPACs.