M&A
confidence high
sentiment neutral
materiality 0.75
Lionheart Holdings signs LOI to combine with KEO Energy at $400M enterprise value
Lionheart Holdings
- Non-binding LOI signed July 15, 2026; preliminary pre-money enterprise value for KEO Energy of $400M.
- Combined company expected to list on Nasdaq; board to have 6 directors (3 from each side).
- Target for definitive agreement by August 17, 2026; conditions include OFAC authorization and Venezuelan approvals.
- KEO Energy's principal asset is indirect equity interest in PetroUrdaneta Project in Venezuela.
- Lionheart holds ~$200M in trust for public shareholders.