Three Lions Acquisition Corp. Prices $100 Million Initial Public Offering

Three Lions Acquisition Corp. has priced its initial public offering (IPO) of 10,000,000 units at $10.00 per unit. The offering is expected to generate $100 million in gross proceeds.

The units are slated to commence trading on the Nasdaq Global Market on September 1, 2026, under the ticker symbol "TLCBU". This IPO is structured as a special purpose acquisition company (SPAC), a shell company created with the purpose of raising capital through a stock offering to acquire an existing company.

As a SPAC, Three Lions Acquisition Corp. has not yet identified a specific target business or industry for its acquisition. SPACs typically search for a suitable company to merge with, thereby enabling the target company to become publicly traded.

Each unit consists of one share of common stock and one-half of a redeemable warrant. Each whole warrant entitles the holder to purchase one share of common stock at an exercise price of $11.50 per share.