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

Lionheart’s (NASDAQ:CUBWU) quiet period is set to end on Monday, July 29th. Lionheart had issued 20,000,000 shares in its initial public offering on June 18th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. During Lionheart’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Lionheart Stock Performance

NASDAQ CUBWU traded down $0.01 during trading hours on Monday, hitting $9.99. 538 shares of the company were exchanged, compared to its average volume of 220,231. Lionheart has a 52-week low of $9.96 and a 52-week 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.