Lionheart Holdings (CUBWU) Prices $200M IPO

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.