Lionheart Acquisition II today filed an investor presentation highlighting its proposed merger with MSP Recovery, which specializes in recovering improper payments for Medicare and commercial providers.
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.
