other material
confidence high
sentiment neutral
materiality 0.60
Lionheart Holdings closes IPO of 23M units at $10.00, raising $230M
Lionheart Holdings
- IPO of 23,000,000 units (including 3,000,000 from over-allotment) priced at $10.00 per unit; gross proceeds $230,000,000.
- Simultaneous private placement of 6,000,000 warrants at $1.00 each to sponsor and underwriter; gross proceeds $6,000,000.
- Net proceeds of $230,000,000 placed in trust account; $9,800,000 deferred underwriting fee included.
- Class A ordinary shares recorded as temporary equity at redemption value of $10.00 per share; total trust $230,000,000.
- Company has 24 months from IPO to complete a business combination or will redeem public shares.