Leapfrog Acquisition Corp. (Ticker: LFACU US) is a Cayman Islands-incorporated blank check company established to effect a merger or business combination. The company focuses on targets within the international energy supply chain and critical minerals sectors, specifically seeking assets essential to the energy transition and defense industries that possess significant geographic or regulatory barriers.

Leapfrog plans to list on the NASDAQ on December 5, 2025. The company intends to offer 12.5 million units at $10.00 per unit, raising $125 million (USD). At this pricing, the company anticipates a market capitalization of $171.02 million (USD). Reportedly, each unit consists of one Class A ordinary share and one-half of one redeemable warrant. The company plans to use the IPO proceeds to fund the search for and completion of a business combination, capitalizing on secular demand trends for strategic materials. BTIG is acting as the lead manager for the offering.