Lionheart Holdings’ (NASDAQ:CUBWU) Lock-Up Period Will Expire Tomorrow

Lionheart’s (NASDAQ:CUBWU) lock-up period will expire on Monday, December 16th. 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. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Lionheart Stock Performance

CUBWU opened at $10.10 on Friday. The stock has a fifty day moving average price of $10.09. Lionheart has a twelve month low of $9.96 and a twelve month high of $10.90.

About Lionheart

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.