LION SEC filings, in plain English
Everything Lionheart III Corp has filed with the SEC that we hold — 40 filings, newest first, 1 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
The feed
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What changed: Lionheart III Corp called a special meeting in lieu of its 2022 annual meeting for January 30, 2023 at 1:00 p.m. Eastern in virtual format to approve the business combination agreement dated July 26, 2022 with Security Matters Limited, a company listed on the Australian exchange. Materials were mailed on or about January 19, 2023. The registration fee table values the transaction at a proposed maximum aggregate of $556,810,000, using $10.12 per Class A common share and $0.04 per warrant based on the average of high and low Nasdaq prices on October 26, 2022, with a total fee paid of $61,360.46. Why it matters: The fee table is the most concrete valuation disclosure in the document: $10.12 per Class A share, essentially trust value, and $0.04 per warrant, which tells holders the market assigned almost nothing to the warrants six months into the deal process. That is a market verdict on the transaction's upside before the vote. Public holders can redeem for their pro rata trust share instead of taking stock in an Australian-listed materials authentication business, and at $10.12 the cash alternative is close to fully intact.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.