Lionheart Holdings, a blank check company formed by Lionheart Capital, raised $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.
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 (LHIVU), which withdrew its $250 million IPO in June 2022; Lionheart III, which completed its combination with digital authentication company SMX Security Matters (SMX; -99% from $10 offer price) in March 2023; and Lionheart II, which completed its combination with Medicare payment recovery platform MSP Recovery (Nasdaq: LIFW; -95%) in May 2022.
Lionheart Holdings plans to list on the Nasdaq under the symbol CUBWU. Cantor Fitzgerald acted as sole bookrunner on the deal.
