Lionheart Holdings signs letter of intent for merger with KEO Energy
Lionheart Holdings, a special purpose acquisition company, said it signed a non-binding letter of intent dated July 15, 2026, with Keo Capital AB on behalf of KEO Energy for a potential business combination. The preliminary indicative pre-money enterprise value for KEO Energy is $400 million, and the parties target a definitive agreement by August 17, 2026, but no assurances are given that a deal will be reached.
Key points
- Letter of intent dated July 15, 2026, announced July 20, 2026
- Preliminary indicative pre-money enterprise value for KEO Energy of $400 million, subject to diligence and Venezuelan approvals
- Definitive agreement targeted for August 17, 2026; closing requires OFAC authorization and Venezuelan governmental approvals
- Lionheart holds approximately $200 million in its trust account
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 20, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.