Lionheart Holdings closes SPAC IPO of 23M units at $10/unit, $230M gross proceeds

Lionheart Holdings

IPO of 23,000,000 units (including full over-allotment) at $10.00 per unit; gross proceeds $230,000,000.
Proceeds of $230,000,000 placed into trust account; will be released upon business combination or 24-month liquidation.
Private placement of 6,000,000 warrants at $1.00 each for $6,000,000; sponsor bought 4M, Cantor bought 2M.
Units trade on Nasdaq as CUBWU; Class A shares as CUB; warrants as CUBWW.
Management led by CEO Ophir Sternberg; board includes Thomas Hawkins, Roger Meltzer, Antony Sheriff, Gila Cohen.

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