Lionheart III Corp
LIONU
NASDAQ Global Market7.05
USD
-2.73
- -
Lionheart III Corp
LIONU
(NASDAQ Global Market)
Recent
price
7.05
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Lionheart III Corp operates as a special purpose acquisition company (SPAC) originally founded in 2020 and headquartered in Miami, Florida. The company primarily functions to identify, acquire, or merge with existing businesses, focusing on driving long-term capital appreciation through strategic investments. Lionheart III raised $125 million through its initial public offering (IPO) in November 2021 to fund acquisitions. A major recent corporate development includes its business combination with Security Matters Limited (SMX), completed in March 2023, resulting in the merged entity migrating from the Australian Securities Exchange (ASX) to the NASDAQ under the ticker symbol "SMX." Post-merger, Lionheart III Corp operates as a wholly-owned subsidiary of Security Matters Limited. As a SPAC, Lionheart III itself does not manufacture or sell products directly but identified and merged with Security Matters, a technology company that provides supply chain authentication, traceability, and transparency solutions. Security Matters’ offerings include advanced technology for product authentication using unique markers and blockchain technology, enabling manufacturers, brands, and consumers to verify product authenticity throughout the supply chain. The combined company's focus is on delivering supply chain security and technology-driven business solutions across various industries including manufacturing and recycling. The company maintains a strategic emphasis on growth through partnerships and technological innovation, leveraging its capital and public listing status to enhance value creation. The acquisition and merger represent a strategic shift toward technology-driven solutions in supply chain management, reflecting Lionheart III’s evolution from a capital-raising vehicle to an operational entity embedded in advanced technology sectors. The company's geographic operations now extend internationally through Security Matters, with a focus on markets including the United States and Australia. In summary, Lionheart III Corp is a Miami-based SPAC founded in 2020 with a core purpose of acquiring companies with growth potential. Its latest major change was the transformative business combination with Security Matters Limited in March 2023, shifting its operational focus to technology solutions for supply chain authentication and transparency. Lionheart III provides strategic capital and public market access for such growth-oriented acquisitions, positioning itself in the technology-driven supply chain security industry as a subsidiary of Security Matters Limited.