.Leapfrog Acquisition Corp Prices $125 Million IPO

SUMMIT, N.J., Dec. 5, 2025 (GLOBE NEWSWIRE) – Leapfrog Acquisition Corporation (the “Company”) disclosed the pricing of its initial public offering (IPO). The firm will sell 12,500,000 units at $10.00 per unit, raising $125 million in gross proceeds. The units are slated to begin trading on December 5 2025 on the Nasdaq Global Market under the ticker “LFACU.”

The SPAC is led by seasoned executives Matthew R. Pollard (Chief Executive Officer), Abhay N. Pande (President and Chief Investment Officer) and Kevin M. Murphy (Chief Financial Officer). Leapfrog’s charter is to consummate a merger, asset acquisition, share exchange or similar business combination with one or more target companies.

Each unit consists of one Class A ordinary share and one half of a redeemable warrant with an $11.50 exercise price per share, exercisable within five years after the Company completes its initial business combination. Upon separation of the securities, the ordinary shares and warrants are expected to trade on Nasdaq Global Market under the symbols “LFAC” and “LFACW,” respectively.

BTIG, LLC serves as the sole book‑running manager. Underwriters have a 45‑day option to purchase up to an additional 1,875,000 units at the IPO price to cover any over‑allotments.

The related registration statement was declared effective by the U.S. Securities and Exchange Commission on December 4, 2025. The offering was made solely by means of a prospectus.

Strategic Context and Market Implications

Leapfrog’s focus on the international energy supply chain and critical‑minerals sectors aligns with a broader investor appetite for assets that underpin the global transition to renewable energy and electric‑vehicle production. By targeting businesses that manage everything from raw‑material extraction to logistics, Leapfrog aims to capture value across the entire value chain, a strategy that can mitigate the cyclicality typical of single‑segment exposure.

From a technical standpoint, the inclusion of redeemable warrants sweetens the deal for investors by offering upside potential while limiting dilution until a business combination occurs. The $11.50 strike price represents a modest premium to the IPO price, suggesting management expects post‑combination performance to comfortably exceed the warrant breakeven point.

The SPAC market has seen a slowdown in 2024‑2025 after a period of exuberant fundraising, but niche vehicles that articulate a clear thematic focus—such as Leapfrog’s energy‑critical‑minerals play—are still attracting capital. The $125 million raise is modest by historic SPAC standards, yet it provides sufficient runway for due‑diligence, deal negotiation, and the eventual merger, while keeping shareholder dilution in check.

Investors should monitor two key variables: (1) the pipeline of target companies that meet Leapfrog’s sector criteria and (2) the regulatory environment surrounding critical‑minerals, especially rare‑earth elements, where government incentives and restrictions could materially impact deal economics.

Forward‑Looking Statements

This release contains forward‑looking statements regarding the Company’s planned use of proceeds, target sectors and anticipated market performance. Such statements involve risks and uncertainties, including but not limited to market volatility, the ability to identify and close a suitable transaction, and changes in regulatory or geopolitical conditions that could affect the energy and critical‑minerals industries. Actual results may differ materially from those expressed in these statements. Readers are encouraged to review the registration statement and prospectus filed with the SEC for a more detailed discussion of risk factors.

About Leapfrog Acquisition Corp

Leapfrog Acquisition Corp is a blank‑check company organized to pursue mergers, asset purchases, share exchanges, or other strategic combinations with one or more businesses. The management team brings extensive experience in finance, investment, and operations within the energy and natural‑resources sectors.

Leapfrog will prioritize opportunities that strengthen the global energy supply chain and the critical‑minerals ecosystem, including infrastructure that supports the production, transport, and processing of these essential inputs.