Lionheart Holdings Announces the Pricing of $200,000,000 Initial Public Offering
17 June 2024 - 10:29PM
Lionheart Holdings (the “Company”) announced today the pricing of
its initial public offering of 20,000,000 units. The units are
expected to be listed on The Nasdaq Stock Market LLC (“Nasdaq”) and
begin trading tomorrow, June 18, 2024, under the ticker symbol
“CUBWU.” Each unit consists of one Class A ordinary share and
one-half of one redeemable warrant, each whole warrant entitling
the holder thereof to purchase one Class A ordinary share at a
price of $11.50 per share, subject to certain adjustments. No
fractional warrants will be issued upon separation of the units and
only whole warrants will trade. Once the securities constituting
the units begin separate trading, the Class A ordinary shares and
warrants are expected to be listed on Nasdaq under the symbols
“CUB” and “CUBWW,” respectively. The offering is expected to close
on June 20, 2024, subject to customary closing conditions. The
Company has granted the underwriters a 45-day option to purchase up
to an additional 3,000,000 units at the initial public offering
price to cover over-allotments, if any.
The Company is a blank check company formed 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
may pursue an acquisition opportunity in any business or industry
or at any stage of its corporate evolution. The Company’s primary
focus, however, will be in completing a business combination with
an established business of scale poised for continued growth, led
by a highly regarded management team.
The Company’s management team is led by Ophir
Sternberg, its Chairman of the Board, President and Chief Executive
Officer, Paul Rapisarda, its Chief Financial Officer and Faquiry
Diaz Cala, its Chief Operating Officer. The Company’s Board of
Directors includes Thomas Hawkins, Roger Meltzer, Esq., Antony
Sheriff and Gila Cohen.
Cantor Fitzgerald & Co. is acting as sole
book-running manager for the offering.
The offering is being made only by means of a
prospectus. When available, copies of the prospectus may be
obtained from Cantor Fitzgerald & Co., Attention: Capital
Markets, 499 Park Avenue, 5th Floor New York, New York 10022, or by
email at prospectus@cantor.com.
A registration statement relating to the
securities has been filed with the U.S. Securities and Exchange
Commission (“SEC”) and became effective on June 17, 2024. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the proposed initial public offering and search for an initial
business combination. No assurance can be given that the offering
discussed above will be completed on the terms described, or at
all.
Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company’s registration statement and prospectus for the
Company’s initial public offering filed with the SEC. Copies of
these documents are available on the SEC’s website, www.sec.gov.
The Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
Investor Contact
Lionheart Holdings
Ashley Spitz Hamaoui
ashley@Lheartcapital.com
(917) 882-9229