The new SPAC intends to acquire established businesses of scale that are poised for continued growth with capable management teams and proven unit economics, but potentially in need of financial, operational, strategic or managerial enhancement to maximize value. Lionheart III is led by Chairman of the Board of Directors, President and CEO Ophir Sternberg, CFO Paul Rapisarda and COO Faquiry Diaz Cala.
Total SPAC deal count for 2021 year-to-date is now 518. This offering is expected to close on Monday, November 8.
Nomura is acting as the sole book-running manager for this offering. Northland Capital Markets and Drexel Hamilton are the co-managers. DLA Piper LLP (US) is serving as Issuer’s Counsel with Sidley Austin LLP serving as Underwriter’s Counsel. Marcum, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.