Lionheart III is a Special Purpose Acquisition Company (SPAC), or "blank check company," with no operations, products, or revenues. Its sole purpose is to identify and acquire a private business, effectively taking it public through a transaction called a Business Combination. The company raised $230M in its June 2024 IPO, placing those funds in a Trust Account that held approximately $246M as of year-end 2025. Lionheart III has until June 2026 to complete a Business Combination, or it must return the Trust funds to shareholders and liquidate. The company is led by Ophir Sternberg (Chairman, CEO), Paul Rapisarda (CFO), and Faquiry Diaz Cala (COO), none of whom are exclusively committed to this SPAC. Sponsors received Founder Shares at nominal cost representing roughly 20% of post-IPO equity, giving them a strong incentive to close a deal before the deadline. IPO investors bought units at $10.00 each, with the right to redeem shares at roughly the Trust value per share if they choose not to participate in a Business Combination. Lionheart III can pursue targets in any industry, focusing on established businesses with proven unit economics, defensible competitive positions, and the potential for strong free cash flow — explicitly excluding startups. The company sources deals through management's personal networks, investment bankers, private equity referrals, and corporate divestitures, and expects to use additional debt or equity financing alongside Trust proceeds to acquire businesses with enterprise values exceeding the Trust balance.