Lionheart Acquisition II filed an S-4 outlining terms of its merger deal with MSP Recovery, which specializes in recovering improper payments for Medicare and commercial providers. A shareholder vote date was not included.
The deal values the combined companies at $32.6B. At that valuation, the deal is one of the top 3 largest SPAC transactions ever.
As announced in July, the transaction is anticipated to generate gross proceeds of up to approximately $230 million of cash, assuming no redemptions by Lionheart’s public stockholders. Read more.
