Three Lions Acquisition, a blank check company targeting sports, hospitality, and real estate, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock, and one-half of a warrant to purchase a share, exercisable at $11.50.
Three Lions Acquisition is led by CEO Brett Johnson and Chairman Berke Bakay, the co-founders and co-managing directors of Three Lions Capital Management. They are joined by CFO and Director Harry Brandler, who manages his family office Brandler. The SPAC intends to target sports franchises and live events; hospitality, food and beverage and retail concepts; and real estate with a particular interest in sports- and hospitality-anchored, mixed-use real estate developments (including stadium, arena and entertainment-district projects).
The La Jolla, CA-based company will trade on the Nasdaq under the symbol TLACU. EarlyBirdCapital acted as sole bookrunner on the deal.
