Lionheart Capital Signs Deal to Merge With Venezuelan Oil Firm, Plans $1B NASDAQ Listing

According to the Financial Times, Lionheart Capital, a Miami-based investment fund, has signed a non-binding agreement to merge its blank check company Lionheart Holdings with Keo Energy, which holds oil field assets in Venezuela, on June 13. The combined entity aims to become the first Venezuelan oil company listed on Nasdaq, valued at approximately $1 billion. Lionheart Holdings, which raised $230 million in 2024, plans to hold a shareholder vote next week. The negotiations remain in early stages and could potentially collapse.
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