Lionheart Acquisition Corporation II (LCAPU) Prices $200M IPO

Lionheart Acquisition Corporation II (LCAPU), announced the pricing of their $200 million SPAC IPO this evening and the units are expected to begin trading tomorrow, August 14th, under the symbol Nasdaq: LCAPU.

Lionheart II will be focusing on the “PropTech” sector and will be led by Ophir Sternberg, as Chairman of the Board of Directors, President and Chief Executive Officer.

Total SPAC deal count for 2020 year-to-date is now 68 with $26.82 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, August 18, 2020.

Nomura Securities International, Inc. and Cantor Fitzgerald & Co. are acting as joint book-running managers of the offering.  Loeb & Loeb LLP and Sidley Austin LLP were issuer’s counsel and underwriter’s counsel, respectively. Marcum LLP, acted as auditor. Continental Stock Transfer & Trust Company is acting as trustee.