Lionheart (CUB)
Blank-check company pursuing a merger tied to mature Venezuelan oil-and-gas fields.
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Operates as a blank-check company that seeks a future business combination rather than selling products or services. Its active search emphasizes mature Venezuelan oil-and-gas field redevelopment, with a non-binding KEO Energy proposal as the most advanced disclosed path.
Operates as a special-purpose acquisition company rather than a business with products, customers, or operating segments. Its work is to identify and diligence a target, negotiate transaction and financing terms, obtain shareholder and regulatory approvals, and offer public shareholders redemption rights before a combination.
Originally industry-agnostic, the active search now emphasizes brownfield redevelopment of mature producing oil and gas fields in Venezuela. A non-binding letter of intent with KEO Energy concerns a proposed combination tied to an indirect interest in the Venezuelan PetroUrdaneta Project.
Manages a trust-funded capital pool while its three officers divide their time with Lionheart Capital and affiliated entities. The proposed transaction requires definitive documents, diligence, Venezuelan fiscal terms, regulatory and shareholder approvals, and completion within its approved deadline.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $42.6K · Total debt $200.0K · Total assets $250.7M · Shareholders' equity $191.1M
- Revenue
- $0
- Operating income
- −$6.8M
- Net income
- −$4.6M
No dividends on record.
| Institutions45 holders · as of Mar 31, 2026 | 88.01% | 23.02M shares | |
| Strategic holders4 holders · as of Jun 17, 2026 | 46.45% | 12.15M shares | |
| Adds to | 134.46% |
26.16M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Two share counts disagree (26.16M in the company's Sep 3, 2026 report, 29.42M elsewhere); stakes use the report.
These groups come from separate filings that can overlap, so they add to 134.46%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Lionheart Sponsor, LLCStrategic | 29.30% | 7.67M | 13Gfiled Feb 13, 2025 ↗ |
First Trust Capital Management L.P.Institution | 8.20% | 2.15M A | 13Fas of Mar 31, 2026 |
LMR Partners LLPInstitution | 7.57% | 1.98M A | 13Fas of Mar 31, 2026 |
Linden Capital L.P.Institution | 7.38% | 1.93M | 13Gfiled Jun 5, 2026 ↗ |
Magnetar Financial LLCInstitution | 7.30% | 1.91M A | 13Fas of Mar 31, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more
Insider tradesForm 4
No open-market trades in the last 12 months.
Not reported.