Lionheart Holdings announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CUBWU”, Tuesday, June 18, 2024.
The new SPAC aims to combine with an established business of scale with a highly regarded management team, but has not singled out a specific industry sector to target.
Lionheart’s sponsor team will be led by Chairman, President and CEO Ophir Sternberg, CFO Paul Rapisarda and COO Faquiry Diaz Cala. Thomas Hawkins, Roger Meltzer Esq., Antony Sheriff, and Gila Cohen are expected to serve as Board Directors.
Total SPAC deal count for 2024 year-to-date is now 13. This offering is expected to close on Thursday, June 20, 2024.
Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with King & Spalding LLP serving as Underwriter’s Counsel. WithumSmith+Brown serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
ChampionsGate Acquisition Corporation (NASDAQ:CHPGU) announced the pricing of its $65 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CHPGU”, Wednesday, May 28, 2025. The new SPAC plans to conduct a broad search for a target company with a team experienced in the technology sector of the Asia-Pacific...
Investcorp Europe I (OTC:IVCBF) has entered into a definitive agreement to combine with construction firm nexxbuild for $55 million in share consideration. The target company is launching a wholesale building materials platform designed to connect local distributors to one another as well as customers. The parties have agreed to an initial outside date of November...
A SPAC III (NASDAQ:ASPC) has entered into a definitive agreement to combine with sustainable fabric maker Bioserica for $200 million in equity consideration. Hangzhou, China-based Bioserica manufactures biodegradable socks made from anti-bacterial materials backed up by 57 patents. The combined company is expected to trade on the Nasdaq once the deal is completed by an...
At the SPAC of Dawn After a scant May for new SPAC deal announcements, both Investcorp Europe I (OTC:IVCBF) and A SPAC III (NASDAQ:ASPC) unveiled new business combinations coming out of Memorial Day weekend. While both deals are on the smaller side, they both represent somewhat different processes as well. Investcorp Europe I IPO’d back...
Terms Tracker for the Week Ending May 23, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Another solid week for SPAC IPO trading. Five more IPOs priced, bringing May’s total to 18 and the YTD tally to 49. That’s just eight...