Leader's Advantage Acquisition Corp.
LEDR
NO ACTION REQUIRED
Nothing required today
No redemption election is on file for this SPAC. A date appears here the day one is filed.
Cash per share
The figure arrives with the next 10-Q. No estimate is shown in its place.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
SpacBrain’s read
Floor not confirmed
No redemption window has closed — but no dated redemption election is on file for this name either, so we cannot show you a date to act by.
What we do have: no window has closed, and no company deadline is on file either. The full chain of evidence is under Evidence.
In plain terms
- What it is
- A SPAC, listed in September 2026.
- What it's doing now
- It is still looking: no purchase has been announced, and no deadline for agreeing one is on file with us.
- What you should know
- We have no filed date on which you could claim the cash back, so we cannot tell you a day to act by. That is a gap in the public record, not a statement that the right has gone.
At a glance
- Where it stands
- Searching
- Merging with
- No target announced — still searching.
- Industry
- no filing we hold states a sector this SPAC restricted its search to
- Deal value
- not stated in the filings we hold
- Price vs cash floor
- no live price on file
- Cash left in trust
- not yet extracted into a snapshot — the filings below may state it
- IPO
- 21 September 2026
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 1288 NJ-73, MT LAUREL TOWNSHIP, NJ, 08054
- registered in the Cayman Islands
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Chakrabarti Raj (President) · Shukla Chinmay (Director) · Krynski Edward (Chief Financial Officer)
- Listed securities
- LEDR common
The figure arrives with the next 10-Q's XBRL. No estimate is shown in its place.
Nothing dated is on file. That is an absence in our record, not a statement that nothing is coming.
Yield to redemption
No dated redemption window on file — no yield to compute.
No price on file — nothing to buy at. An unsourced date would make the yield look filed when it is not.
What is protecting this price
The reasoning behind the verdict above, in the order the filings establish it.
- No dated redemption election is on file for this name. That is an absence in the record, not proof that the right has gone — but it does mean this page cannot tell you a day to act by.
- Cash per share for this window has not been filed yet. Until it is, the size of the floor is unknown — we will not print an estimate in its place.
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 21 September 2026IPOpassed
IPO size not on file
The score
deterministic, from filed fieldsLEDR is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 302 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
Leader's Advantage Acquisition Corp. (NASDAQ: LEDR) is a Cayman Islands exempted blank check company incorporated on October 29, 2025, for the purpose of effecting a merger, share exchange, asset acquisition, or similar business combination. The company expects to focus its search on established businesses of scale within the healthcare, specialty chemicals, pharmaceutical, and defense industries, leveraging its management team's domain expertise. Headquartered at 1288 NJ-73 in Mt. Laurel Township, New Jersey, the company stated it will not target startup companies, speculative business plans, or excessively leveraged entities, instead prioritizing targets with proven unit economics, growing revenue streams, defensible market positions, and capable management teams.
The company's IPO closed on or about September 21, 2026, raising $150 million through the sale of 15 million units at $10.00 per unit, with underwriting discounts and commissions of $0.60 per unit ($9 million aggregate). Clear Street served as lead book-running manager and D. Boral Capital as book-runner, with deferred underwriting commissions of $0.40 per unit payable upon consummation of the initial business combination. Of the proceeds, $151,125,000 ($10.075 per unit) was placed into a U.S.-based trust account with Odyssey Transfer & Trust Company as trustee. The company's sponsor is Leader's Advantage Company, LLC, a Delaware limited liability company formed to invest in the company.
The management team is led by Dr. Paritosh M. Chakrabarti as Chairman and CEO, who founded PMC Group in 1994 and previously served as Chief Technical Officer of PPG Industries; Dr. Raj Chakrabarti as President, who also serves as President of PMC Group International and formerly held professorships at Carnegie Mellon and Purdue; and Edward Krynski as CFO, formerly Controller of PMC Group International with prior finance roles at Dorman Products, CertainTeed, and Church & Dwight. The board of advisors includes Jim Mountain, Executive VP and CFO of PMC Group; Paul G. Weiss, Executive VP and General Counsel of PMC Group; Dr. Anisha Ghosh, Professor of Finance at McGill University and co-founder of CCM Biosciences; and Dr. Poornananda Sastry R, Director of Business Development at PMC Group International. The company has 18 months from the closing of the offering to consummate its initial business combination, subject to potential extension by shareholder vote.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
Show the other 6 filings
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
No sponsor entity is named in the filings parsed for this SPAC so far.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1288 tracked SPACs (23%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
from 424B4 0001213900-26-101599
Trading & liquidity
Company profile
Directors & officers
- Chakrabarti RajPresident
- Shukla ChinmayDirector
- Krynski EdwardChief Financial Officer
- Constantinides George MichaelDirector
- Chakrabarti Paritosh M.Chief Executive Officer
- Ang AndrewDirector
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
1 full SEC filing text archived — searchable, never lost.
- Vault note — LEDR (Leader's Advantage Acquisition Corp.)
vault-note · /vault/tickers/LEDR
- Vault note — CIK2109823 (Leader's Advantage Acquisition Corp.)
vault-note · /vault/tickers/CIK2109823
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail2 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
registered from 424B4 — pre-listing, ticker TBD, VERIFY it is a SPAC
CIK2109823 → LEDR from SEC submissions