Lionheart Acquisition Corp. III is a special purpose acquisition company organized as a blank check company under the laws of the State of Delaware. The company was formed to effect mergers, share exchanges, asset acquisitions, stock purchases or other similar business combinations with one or more businesses or entities. Lionheart III is focused on identifying opportunities in industries such as technology, financial services, healthcare and consumer products, where it can leverage the experience of its sponsors and advisors to create value for shareholders.
The company completed its initial public offering in October 2021, issuing units on the Nasdaq under the symbol LIONU, with warrants trading under the symbol LIONW. Proceeds from the offering are held in a trust account until the closing of an initial business combination, which the company generally aims to complete within 24 months of the IPO.
Lionheart III is sponsored by Lionheart Sponsor III, LLC, an affiliate of Lionheart Capital, which brings together professionals with backgrounds in private equity, investment banking and operational management. The company’s board of directors and management team provide deal sourcing capabilities, due diligence expertise and capital markets experience to support the identification and execution of potential transactions.
As a blank check vehicle, Lionheart III does not engage in any business operations of its own prior to the completion of a business combination. The company’s success will depend upon its ability to identify a suitable target, negotiate favorable terms and obtain the requisite approvals from its shareholders and regulatory authorities.
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