Leader's Advantage Acquisition Corp.

What the company does

Leader's Advantage Acquisition Corp. is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company has not selected any business combination target and has not initiated any substantive discussions with any business combination target. It may pursue an initial business combination in any business or industry.

Use of proceeds

The company is offering 15,000,000 units at an offering price of $10.00 per unit. Of the proceeds from this offering and the sale of the private placement warrants and private placement shares, $151,125,000 (or $173,793,750 if the over-allotment option is exercised in full) will be placed into a U.S.-based trust account with Odyssey Transfer & Trust Company acting as trustee. The approximately $768,750 of net proceeds not held in the trust account (or $600,000 if the over-allotment option is exercised) is intended for accounting, due diligence, travel, and other expenses in connection with any business combination, legal and accounting fees related to regulatory reporting obligations, Nasdaq listing fees, and other working capital purposes.

Underwriters

Extracted from 424B4 0001213900-26-101599, filed Sep 21, 2026 and verified against that filing text.

Key risk factors

• Blank check company with no selected target

  “We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.”

• Investor protections not available under Rule 419

  “Investors will not be entitled to protections normally afforded to investors in Rule 419 blank check offerings.”

• Failure to consummate business combination

  “If we are unable to complete our initial business combination within 18 months from the closing of this offering (or such later date as approved by our shareholders), or by such earlier liquidation date as our board of directors may approve, we will redeem 100% of the public shares at a per share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned thereon (less taxes (other than excise taxes), if any, payable and up to $100,000 of interest income to pay dissolution expenses), divided by the number of then issued and outstanding public shares, subject to applicable law as further described herein.”

• Dilution from founder share conversion

  “Because our sponsor acquired the Class B ordinary shares at a nominal price, our public shareholders will incur an immediate and substantial dilution upon the closing of this offering.”

• Trust account claims by third parties

  “we cannot assure you that we will in fact be able to distribute such amounts as a result of claims of creditors, which may take priority over the claims of our public shareholders.”

• Conflicts of interest in target selection

  “Our sponsor and members of our management team will directly or indirectly own our securities following this offering, and accordingly, they may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial business combination.”