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We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. We may pursue an initial business combination in any business or industry. (Incorporated in the Cayman Islands)
Our management team is led by Ophir Sternberg, our chairman, president and CEO, along with Paul Rapisarda, our CFO, and Faquiry Diaz Cala, our chief operating officer.
Mr. Sternberg, our founding director (appointed on February 22, 2024), and our chairman, president and CEO, has over 30 years of experience acquiring, developing, repositioning and investing in all segments of the real estate industry, including office, industrial, retail, hospitality, ultra-luxury residential condominiums and land acquisitions. Mr. Sternberg is the founder and CEO of Miami-based Lionheart Capital LLC (“Lionheart Capital”), founded in 2010, a Miami-based diversified investment firm focused on building shareholder value in high-growth companies.
Paul Rapisarda, our CFO (appointed on March 20, 2024), also serves as CFO at Lionheart Capital LLC. He also served as CFO at Lionheart II and Lionheart III. Mr. Rapisarda is an experienced public company C-suite executive and investment banking professional with more than 30 years working in and for a variety of public and private companies.
Faquiry Diaz Cala, our COO (appointed on March 20, 2024), is also the chief operating officer for Lionheart Capital and its affiliated entities. In this role, he leads Mergers & Acquisitions and Corporate Strategy. From 2021 to 2023, Mr. Diaz Cala served as COO at Lionheart III, and from 2021 to 2022, Mr. Diaz Cala served as COO at Lionheart II. Since 2013, Mr. Diaz Cala has served as president and director of The Ivy Companies Inc., a holding company for investment.
(Note: Lionheart Holdings priced its SPAC IPO in line with the terms in its prospectus – 20.0 million units at $10.00 each – to raise $200.0 million on Monday night, June 17, 2024. At pricing, Lionheart Holdings became the fourth SPAC IPO priced so far in June 2024 and the 13th SPAC IPO priced so far in 2024. Background: Lionheart Holdings filed the S-1 for its SPAC IPO on May 28, 2024, in which it disclosed the terms: 20 million units at $10.00 each to raise $200.0 million. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder to buy one Class A ordinary share.)
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