First Trust Merger Arbitrage Fund and three affiliated entities filed an amended Schedule 13G/A with the SEC on November 13, 2026, disclosing that as of September 30, 2026, they collectively held zero shares of Launch One Acquisition Corp. Class A Ordinary Shares.

Key Highlights

  • Zero beneficial ownership: According to the filing, VARBX, First Trust Capital Management L.P., First Trust Capital Solutions L.P., and FTCS Sub GP LLC collectively owned 0 shares of Launch One Acquisition Corp. as of September 30, 2026.
  • 0.00% of class: Each reporting person reported 0.00% of the outstanding Class A Ordinary Shares, par value $0.0001 per share.
  • Four joint filers: The amendment was filed jointly by First Trust Merger Arbitrage Fund (VARBX), First Trust Capital Management L.P. (FTCM), First Trust Capital Solutions L.P. (FTCS), and FTCS Sub GP LLC (Sub GP).
  • Event date: The date of event requiring this filing was September 30, 2026.
  • CUSIP identified: The securities covered are Class A Ordinary Shares with CUSIP number G5S86M100.
  • Control relationships disclosed: The filing states that FTCS and Sub GP may be deemed to control FTCM, though neither FTCS nor Sub GP owns any Ordinary Shares of the issuer for their own accounts.

First Trust Entities Exit Position in Launch One Acquisition Corp.

The amended Schedule 13G/A, filed jointly by four affiliated First Trust entities, reports that as of September 30, 2026, the reporting persons held no beneficial ownership in Launch One Acquisition Corp. (CUSIP G5S86M100). The issuer's Class A Ordinary Shares carry a par value of $0.0001 per share, and the filing identifies the issuer's principal executive offices at 180 Grand Avenue, Suite 1530, Oakland, CA 94612.

According to the filing, First Trust Capital Management L.P. (FTCM), as investment adviser to the Client Accounts, "has the authority to invest the funds of the Client Accounts in securities...as well as the authority to purchase, vote and dispose of securities, and may thus be deemed the beneficial owner of any shares of the Issuer's Ordinary Shares held in the Client Accounts." The filing further states that "as of September, 30, 2026 VARBX, FTCM, FTCS and Sub GP collectively owned 0 shares of the outstanding Ordinary Shares of the Issuer." All categories of voting and dispositive power, sole and shared, are reported as zero for each reporting person.

The principal business address for FTCM, FTCS, and Sub GP is listed as 225 W. Wacker Drive, 21st Floor, Chicago, IL 60606. VARBX is described as a series of Investment Managers Series Trust II, an investment company registered under the Investment Company Act of 1940, with a principal address of 235 West Galena Street, Milwaukee, WI 53212. The filing notes that no single individual controls FTCS or Sub GP. Item 5 of the filing designates ownership of 5 percent or less of the class.

What Was Disclosed

Four affiliated First Trust entities filed an amended Schedule 13G/A disclosing zero beneficial ownership of Launch One Acquisition Corp. Class A Ordinary Shares as of September 30, 2026, with 0.00% of class reported for each filer and all voting and dispositive powers at zero.