SPACInsider Logo
Lionheart III Corp. (LION) Closes Security Matters Deal
by Marlena Haddad on 2023-03-08 at 9:19am

Lionheart III (NASDAQ:LION) announced this morning that it has closed its deal with advanced materials company Security Matters (ASX:SMX).

The business combination was approved by shareholders at a special meeting held on January 30, but LION was unable to close the deal until now.

SMX’s ordinary shares are expected to commence trading on the Nasdaq Global Market, and warrants are expected to commence trading on the Nasdaq Capital Market, on March 8, 2023 under the ticker symbols “SMX” and “SMXWW”, respectively.

The parties announced their $244 million combination on August 26, 2022. Australia-listed Security Matters Limited is developing a hidden chemical-based “barcode” designed to irrevocably mark an object, allowing products and materials to be tracked and scanned to provide more information via blockchain technology.

Security Matters recently filed that it generated total invoices valued at $1.4 million in full year 2022, and it had reduced its quarterly staff costs from about $857,000 in the third quarter of 2022 to $690,000 in the fourth quarter.


  • ClearThink Capital is serving as a financial advisor to SMX.
  • EF Hutton, a division of Benchmark Investments, LLC, is serving as financial advisor to Lionheart III Corp.
  • K&L Gates, Afik & Co Attorneys & Notary is serving as legal counsel to SMX.
  • Arthur Cox LLP is serving as legal counsel to SMX.
  • DLA Piper is serving as legal counsel to Lionheart III Corp.
  • Futerra will act as SMX’s global brand strategy agency.
Recent Posts
by Marlena Haddad on 2023-03-28 at 6:05pm

Trailblazer Merger Corporation I priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TBMCU” Wednesday, March 29, 2023. The SPAC intends to focus its search on companies operating in the technology industry in the following segments: cloud as a service, supply chain technologies, servicing the hybrid workforce...

by Marlena Haddad on 2023-03-28 at 4:46pm

Alpine (NYSE:REVE) announced this afternoon that it has again adjourned its special meeting to complete its transaction with experiential entertainment company Two Bit Circus. The SPAC originally intended to hold its special meeting on February 24, but has adjourned it four times since then. Alpine now expects to reconvene the meeting on March 30 at 12:00 p.m....

by Marlena Haddad on 2023-03-28 at 12:07pm

Home Plate Acquisition Corporation (NASDAQ:HPLT) announced that it adjourned its extension vote today and will reconvene the special meeting at 10:30 am ET on March 30. At the upcoming meeting, the SPAC hopes to gain shareholder approval to extend its completion deadline from April 4, 2023, to October 4, 2023. Home Plate announced a $214 million business combination with...

by Marlena Haddad on 2023-03-28 at 11:52am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News:  Ares considers raising $400M for new SPAC and electric air mobility division of AIRO and Kernel Group sign MOU with Blade India  Ares Considers New $400 Million SPAC Despite Market Lull Ares Management Corp....

by Marlena Haddad on 2023-03-28 at 10:32am

DiamondHead Holding Corps. (NASDAQ:DHHC) announced in an 8-K this morning that it has entered into subscription agreements with lock-up investors and PIPE investors in connection to its business combination with Great Southern Homes. Although the deal was approved by shareholders during a meeting last Thursday, the parties are still working to raise funds to meet...

Privacy Policy|Terms Of Use
Copyright © 2023 SPACInsider, Inc. All Rights Reserved