# Lionheart Holdings (CUBWW) — spac/ipo [completed]
Source: SEC API (secapi.ai) · situation sit_7d96f891543ef9482648 · retrieved 2026-08-11T16:12:43.729Z

## Overview
Lionheart Holdings is a blank-check special purpose acquisition company incorporated to effect a merger, share exchange, asset acquisition, or similar business combination with one or more businesses; it completed its initial public offering in June 2024 and holds approximately $200 million in a trust account for public shareholders.

Lionheart Holdings, a blank-check SPAC, entered into a non-binding letter of intent dated July 15, 2026, with Keo Capital AB on behalf of KEO Energy (Maha Energy Indiana Inc.) to combine into a newly formed holding company expected to list on Nasdaq. The LOI contemplates a preliminary indicative pre-money enterprise value for KEO Energy of $400 million, subject to confirmatory diligence and final determination of fiscal terms with Venezuelan authorities. The parties target execution of a definitive agreement by August 17, 2026. Upon closing, the combined company's board is expected to consist of six directors (three from each party), with Paolo Fidanza as Executive Chairman and Lionheart retaining the right to appoint a Vice Chairman and committee chairs. Consummation is conditioned on OFAC authorization, Venezuelan governmental approvals, shareholder approval, and other customary closing conditions.

## Terms
- Counterparty: Keo Capital AB, on behalf of KEO Energy (Maha Energy Indiana Inc.) · Deal value: $400.0M

## Key dates
- Completed 2026-07-20

## Timeline
- 2026-07-20 · 8-K (0001213900-26-079654): 8-K - Lionheart Holdings — *Lionheart Holdings is a blank-check special purpose acquisition company incorporated to effect a merger, share exchange, asset acquisition, or similar business combination with one or more businesses; it completed its initial public offering in June 2024 and holds approximately $200 million in a trust account for public shareholders.* Lionheart Holdings, a blank-check SPAC, entered into a non-binding letter of intent dated July 15, 2026, with Keo Capital AB on behalf of KEO Energy (Maha Energy Indiana Inc.) to combine into a newly formed holding company expected to list on Nasdaq. The LOI contemplates a preliminary indicative pre-money enterprise value for KEO Energy of $400 million, subject to confirmatory diligence and final determination of fiscal terms with Venezuelan authorities. The parties target execution of a definitive agreement by August 17, 2026. Upon closing, the combined company's board is expected to consist of six directors (three from each party), with Paolo Fidanza as Executive Chairman and Lionheart retaining the right to appoint a Vice Chairman and committee chairs. Consummation is conditioned on OFAC authorization, Venezuelan governmental approvals, shareholder approval, and other customary closing conditions.
  https://www.sec.gov/Archives/edgar/data/2015955/0001213900-26-079654.txt

## Citations
- 0001213900-26-079654 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026079654