Lionheart Acquisition Corp II surges on second-biggest SPAC deal with MSP Recovery

MSP Recovery

12/07/2021 11:54

** Blank-check co's  LCAP.O  shares up 8.6% at $10.74
premarket
    ** Stock set to open at highest in about five months
    ** Co to take payments recovery firm MSP Recovery public in
$32.6 bln SPAC deal  urn:newsml:reuters.com:*:nL4N2OO194
    ** Deal would be the second-biggest SPAC merger ever, behind
the ~$40 bln Grab Holdings-Altimeter Growth Corp  AGC.O  merger
    ** Agreement will fetch $230 mln in proceeds for MSP - LCAP,
which had its IPO in August
    ** As of last close, shares were down ~2% YTD

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))