Lionheart Holdings extended its deadline to consummate a business combination from June 20, 2026, to March 20, 2027. To support this extension, the company entered into non-redemption agreements with unaffiliated institutional investors covering 15,879,072 Class A ordinary shares. In exchange for agreeing not to redeem these shares, the company will issue the investors 3,175,814 additional Class A ordinary shares upon the closing of an initial business combination. The company is a special purpose acquisition company (SPAC) that seeks to identify and merge with a target business.

Lionheart Holdings appointed Freddy J. Martinez to its Board of Directors as a Class III director on June 6, 2026. Martinez, the President and CEO of Forem Investments LLC, brings extensive experience in investment management and corporate finance within the energy sector. This appointment aligns with the company's strategic focus on oil and gas opportunities in Venezuela. Additionally, the company is seeking shareholder approval via a special meeting on June 15, 2026, to extend the deadline for completing its initial business combination to March 20, 2027. Lionheart Holdings is a special purpose acquisition company focused on the energy sector.

Lionheart Holdings announced its focus on a potential business combination in Venezuela's upstream oil and gas sector, specifically targeting brownfield redevelopment. To support this strategy, the company is negotiating a non-binding term sheet for a committed equity facility that could provide the right to raise up to $2.25 billion over a 24-month period.