Lionheart(NASDAQ) CUB

Lionheart Holdings does not sell products or services to consumers. It exists to find and merge with another business. Its main activity is raising and managing funds for this purpose.

What’s in the Toolbox? (Products and Services)

• Business Combination Platform: Provides a legal and financial structure to merge with a private company (no operating revenue reported; primary activity is preparations for a merger).
• Trust Account Management: Holds investor funds in a secure account until a merger is completed.
• Capital Access: Offers target companies a route to public markets and access to capital.
• Acquisition Flexibility: Can use cash, shares, or debt to complete a merger.

Growth and Expansion: The “Blank Check” Playbook

• Completed initial public offering in June 2024, raising $230 million.
• Raised $6 million through a private placement with the Sponsor and Cantor Fitzgerald in 2024, of which Cantor purchased $2 million.
• No acquisitions or business combinations completed as of December 2025.
• Has until June 2026 to complete a merger or return funds to investors.

Why Lionheart? (What Makes Lionheart Special)

Lionheart operates globally, seeking targets in any industry or region. Its management team brings experience in sourcing and structuring deals. The company’s flexible approach allows it to pursue a wide range of potential mergers.

Five Things You Need to Know

• Reported $0 operating revenue for 2025 and 2024, reflecting its SPAC status.
• Trust Account balance was $246.2 million in December 2025, up 5.1% from 2024.
• Interest income was $9.83 million in 2025, up from $6.34 million in 2024.
• Operating and formation costs totaled $874,604 in 2025, up 76.6% from 2024.
• Faces a June 2026 deadline to complete a merger or liquidate.

Bottom Line

Lionheart is a newly formed SPAC focused on merging with an established business. Its future depends on successfully completing a business combination by mid-2026.