Brief: Lionheart Acquisition Corp II Announces Business Combination With MSP Recovery

MSP Recovery

12/07/2021 11:59

July 12 (Reuters) - Lionheart Acquisition Corporation II
 LCAP.O :
    * LIONHEART ACQUISITION CORPORATION II - PRO FORMA
ENTERPRISE
VALUE OF COMBINED COMPANY IS APPROXIMATELY $32.6 BILLION.
    * LIONHEART ACQUISITION CORPORATION II - UPON CLOSING,
COMBINED
COMPANY IS EXPECTED TO LIST ON NASDAQ UNDER TICKER SYMBOL "MSPR"
    * LIONHEART ACQUISITION CORPORATION II - COMBINED COMPANY
WILL BE
NAMED MSP RECOVERY
    * LIONHEART ACQUISITION CORPORATION II - MSP'S $50 BILLION
IN
BILLED AMOUNTS IS PROJECTED TO GROW TO $263 BILLION.
    * LIONHEART ACQUISITION CORPORATION II - COMBINATION WITH
LIONHEART ACQUISITION CORP. II WILL PROVIDE GROSS PROCEEDS OF
APPROXIMATELY $230 MILLION TO MSP
    * LIONHEART ACQUISITION CORPORATION II - MSP RECOVERY
FOUNDER AND
CEO, JOHN H. RUIZ, TO LEAD COMBINED COMPANY
    * LIONHEART ACQUISITION CORPORATION II - NO DILUTION
EXPECTED TO
RESULT FROM ADDITIONAL WARRANTS

Source text for Eikon:  ID:nBw73JXwFa 
Further company coverage:  LCAP.O 

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