Lionheart Holdings, a blank check company formed by Lionheart Capital, filed on Tuesday with the SEC to raise up to $200 million in an initial public offering.
The Miami, FL-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Lionheart Holdings would command a market value of $267 million.
The company is led by CEO and Chairman Ophir Sternberg, the founder and CEO of diversified investment firm Lionheart Capital. It plans to target an established business of scale poised for continued growth, led by a highly regarded management team.
Management's previous SPACs include Lionheart IV, which withdrew its $250 million IPO in June 2022; Lionheart III, which completed its combination with digital authentication company SMX Security Matters (SMX; -98% from $10 offer price) in March 2023; and Lionheart II, which completed its combination with Medicare payment recovery platform MSP Recovery (Nasdaq: LIFW; -93%) in May 2022.
Lionheart Holdings was founded in 2024 and plans to list on the Nasdaq under the symbol CUBBU. The company filed confidentially on April 9, 2024. Cantor Fitzgerald is the sole bookrunner on the deal.
