Lionheart Holdings announced a non-binding letter of intent to pursue a business combination with KEO Energy, with a preliminary indicative pre-money enterprise value for KEO Energy of $400 million.

Key Highlights:

  • Non-binding LOI signed July 15, 2026 to pursue a business combination between Lionheart and KEO Energy.
  • Indicative pre-money enterprise value for KEO Energy of $400 million, subject to due diligence and fiscal terms.
  • Combined company’s shares expected to list on Nasdaq Capital Market upon closing.
  • Transaction conditioned on OFAC/sanctions authorization, Venezuelan approvals, due diligence, shareholder votes and other customary conditions.
  • Target to negotiate and execute a definitive agreement by August 17, 2026; no assurance transaction will be completed.

Original SEC Filing:

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