Leo Holdings Corp. II
LHC
New York Stock Exchange11.87
USD
+0.71
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Leo Holdings Corp. II
LHC
(New York Stock Exchange)
Recent
price
11.87
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Leo Holdings Corp. II (NYSE: LHC) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily targeting entrepreneurially driven consumer growth companies. Incorporated as a Cayman Islands exempted company in 2020 and headquartered in Nassau, Bahamas, with operational offices in Los Angeles, California, the company conducts its search activities in the United States and maintains no significant independent operations or revenue generation prior to completing a business combination. Leo Holdings Corp. II's core activities center on identifying and executing strategic transactions in the consumer sector; offering units comprising Class A ordinary shares and redeemable warrants traded on the New York Stock Exchange; managing a trust account holding investor proceeds from its $375 million initial public offering completed in January 2021, net of redemptions and expenses; and providing sponsor support through related-party financing and administrative services from affiliates like Leo Investors II Limited Partnership. Recent major developments include the announcement in January 2023 of a definitive business combination agreement with World View Enterprises, a stratospheric exploration company, at a pro forma enterprise value of approximately $350 million, which the parties mutually agreed to terminate in November 2023 due to challenging market conditions, leading to suspension of trading of its public shares, full redemption at about $10.95 per share from the trust account, and plans for voluntary liquidation and dissolution while retaining minimal funds for wind-down expenses. Earlier, in 2021, the company navigated operational extensions and SEC filings amid its target search, including a delayed 10-Q report, and received ongoing funding support from sponsors as indicated in recent institutional updates through 2025. As of late 2025, Leo Holdings Corp. II remains in a liquidation phase post-termination, with limited institutional ownership including positions held by entities like StoneX Group Inc., and no new business combination targets publicly identified following the World View agreement's collapse.
World View and Leo Holdings Corp. II Intend to Mutually Agree to Terminate Business Combination Agreement
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