Lionheart Holdings Ends Exclusivity on Proposed KEO Energy Deal

What Happened
Lionheart Holdings, a special purpose acquisition company (ticker: CUB), announced in an 8-K filed Sep 1, 2026 that the non‑binding letter of intent (LOI) with Keo Capital AB on behalf of KEO Energy (Maha Energy Indiana Inc.) was not converted into a business combination during the LOI exclusivity period. The LOI was originally entered on July 15, 2026 and was disclosed in a prior Form 8‑K filed July 20, 2026. The parties have mutually decided not to renew the exclusivity period.

Key Details

• LOI date: July 15, 2026 (disclosed in Form 8‑K on July 20, 2026).
• Counterparty: Keo Capital AB, on behalf of KEO Energy (Maha Energy Indiana Inc.).
• Outcome: Proposed Business Combination was not consummated during the exclusivity period; exclusivity will not be renewed.
• Current filing date: Form 8‑K reporting this update filed September 1, 2026.

Why It Matters
This filing confirms there is no completed merger or acquisition between Lionheart and KEO Energy and no active exclusivity preventing Lionheart from pursuing other transactions. For investors, that means Lionheart remains a SPAC without a finalized business combination announced in this filing; shareholders should watch for future disclosures about new targets, revised timelines, or any changes to the company’s plan of distribution.