Lionheart Acquisition Co. II is a special purpose acquisition company (SPAC) organized as a Cayman Islands exempted company. The firm’s sole business objective is to effect a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Lionheart Acquisition Co. II units trade under the ticker OTCMKTS:LCAPU, representing one share of common stock and one-half of a warrant. Upon completion of its initial public offering, the company placed proceeds into a trust account to be utilized for a future business combination.
The company does not currently engage in any operations or own any active subsidiaries. Its strategy is to identify and partner with private companies that exhibit strong growth potential but may lack access to public capital markets. Target sectors are not explicitly defined, allowing the management team flexibility to pursue opportunities across a variety of industries and geographies.
Lionheart Acquisition Co. II is sponsored by Lionheart Capital, an investment firm with experience in structuring acquisition vehicles and working with private companies to prepare for public listings. The SPAC’s management team brings backgrounds in investment banking, corporate development and operational leadership. While specific individuals and their roles have not been broadly publicized, the group’s collective aim is to leverage their transaction expertise and market relationships to source and complete a value-accretive business combination.
Once a suitable business combination is identified, Lionheart Acquisition Co. II will convene a shareholder vote to approve the transaction. If shareholders vote in favor, the transaction will close and the combined company will continue as a publicly traded entity. If the company fails to complete a qualifying business combination within the prescribed timeframe, it will liquidate and return the funds held in trust to its public shareholders.
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