Lionheart Acquisition Corporation II
LCAPW
NASDAQ Capital Market1.46
USD
+0.08
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Lionheart Acquisition Corporation II
LCAPW
(NASDAQ Capital Market)
Recent
price
1.46
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Lionheart Acquisition Corporation II (LCAPW) operates as publicly traded warrants entitling holders to purchase shares in MSP Recovery Inc., the entity formed following the 2022 business combination in which Lionheart, a blank check company or special purpose acquisition company (SPAC), merged with MSP Recovery LLC; Lionheart provides no independent products or services beyond its role in facilitating mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar transactions, originally targeting PropTech businesses applying digital technologies to real estate identification, development, financing, management, and disposition. Incorporated in 2019 as a Delaware corporation with headquarters in Miami, Florida, the SPAC raised $230 million in its August 2020 initial public offering and completed its de-SPAC merger with MSP Recovery—a leader in Medicare, Medicaid, commercial, and secondary payer reimbursement recovery—on May 23, 2022, resulting in MSP Recovery Inc. listing under ticker MSPR on Nasdaq while LCAPW warrants continued trading separately with an exercise price tied to the combined entity's performance. Post-merger, LCAPW maintains geographic relevance through MSP's U.S.-focused healthcare claims recovery operations, which have pursued international expansion including a 2025 agreement with Mexico's SeguriTech to enhance data capabilities and extend the LifeWallet platform; recent major developments for the combined entity include MSP Recovery's April 2025 strategic term sheet to restructure over $1.2 billion in guaranteed debt, secure new liquidity via servicer operations and funding commitments, and reduce annual costs by $5.6 million, alongside ongoing Nasdaq delisting risks due to equity deficits, severe 2025 losses exceeding $723 million on minimal revenue, and liquidity strains prompting going concern warnings.