Lionheart Holdings’ Quiet Period To End on July 29th (NASDAQ:CUBWU)

Lionheart’s (NASDAQ:CUBWU) quiet period will expire on Monday, July 29th. Lionheart had issued 20,000,000 shares in its IPO on June 18th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Lionheart Stock Performance

Shares of Lionheart stock traded down $0.01 on Monday, hitting $9.99. 538 shares of the company’s stock traded hands, compared to its average volume of 220,231. Lionheart has a one year low of $9.96 and a one year high of $10.04.

Lionheart Company Profile

We are a blank check company incorporated on February 21, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.