Lionheart Holdings
lheartholdings.comLionheart Holdings (Nasdaq: CUB) is a blank check company, structured as a special purpose acquisition company (SPAC), formed to identify and complete a merger or similar business combination with one or more target businesses. The company generates no operating revenue. It is funded by proceeds from its initial public offering, which closed on June 20, 2024, raising $224,000,000, plus $6,000,000 from a concurrent private placement of warrants to its Sponsor and Cantor Fitzgerald & Co., for a combined $230,000,000 placed in a Trust Account held by Continental (as trustee). The company must complete its initial Business Combination by June 20, 2026, the end of its 24-month Combination Period. Leadership is headed by Ophir Sternberg (Chairman, President and CEO), Paul Rapisarda (CFO), and Faquiry Diaz Cala (COO). Lionheart Capital LLC, a Miami-based investment firm, serves as the affiliated Sponsor. The filing is a 10-K filed March 25, 2026 (accession 000121390026034194).
Products & Services
Blank check SPAC vehicle. Issued Class A Ordinary Shares (par value $0.0001) and Class B Ordinary Shares (Founder Shares) in connection with its IPO. Also issued 6,000,000 Private Placement Warrants at $1.00 per warrant, of which 4,000,000 were purchased by the Sponsor and 2,000,000 by Cantor Fitzgerald & Co. (as of June 20, 2024 IPO closing).
Revenue Model
No operating revenue. The company holds $230,000,000 in a Trust Account, comprising IPO proceeds and private placement proceeds, pending completion of a qualifying Business Combination. Any returns prior to a Business Combination come from interest earned on Trust Account assets.
Customers & Markets
No customers or end markets. The company is a pre-combination SPAC seeking an acquisition target. Its shareholders are the economic stakeholders pending completion of a Business Combination.
Geographic Exposure
Incorporated as a Cayman Islands entity, listed on Nasdaq. Sponsor, Lionheart Capital LLC, is Miami-based. No operating geographic footprint disclosed in the filing excerpts.
Source: SEC 10-K, filed 2026-03-25
Financial Snapshot
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