Lionheart III, the third blank check company formed by Lionheart Capital, raised $115 million by offering 11.5 million units at $10. The company offered 1.5 million more units than anticipated. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
The company is led by CEO and Chairman Ophir Sternberg, the founder and CEO of Lionheart Capital, and CFO Paul Rapisarda, the CFO of Lionheart Capital and former CFO of solar company Etrion Corp (TSX:ETX). Lionheart III may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector.
Lionheart III plans to list on the Nasdaq under the symbol LIONU. Nomura Securities acted as sole bookrunner on the deal.
