Lionheart targets Venezuelan oil assets; negotiating up to $2.25B equity facility

Lionheart Holdings

Focusing on potential business combination with a Venezuelan upstream oil and gas target, specifically brownfield redevelopment of mature producing fields.
Negotiating non-binding term sheet for committed equity facility to raise up to $2.25 billion over 24 months, subject to definitive documents.
Proceeds may be used for acquisition of Venezuelan oil producing assets, working capital, and general corporate purposes.
Seeking shareholder approval at June 15, 2026 special meeting to extend deadline to complete initial business combination to March 20, 2027.

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