Item 8.01Item 8.01 - Other Events
Item
8.01 Other Events.
On
July 20, 2026, Lionheart Holdings, a special purpose acquisition company (the “Company”), issued a press release announcing
that it has entered into a letter of intent, dated July 15, 2026, with Keo Capital AB, on behalf of KEO Energy (Maha Energy Indiana Inc.)
(“KEO Energy”), for a potential business combination.
No
assurances can be made that the Company and Keo Energy will successfully negotiate and enter into a definitive agreement, or that the
proposed business combination will be consummated on the terms or timeframe currently contemplated, or at all. No assurances can be provided
as to the entry into or timing of any definitive agreement or the consummation of any transaction. Any transaction would be subject to
the completion of due diligence, the negotiation of a definitive agreement providing for the proposed business combination, satisfaction
of the conditions negotiated therein, board and equity holder approval, regulatory approvals, and other customary conditions.
Additional
Information and Where to Find It
If
a definitive agreement is entered into in connection with the proposed business combination, a newly formed holding company and KEO Energy
will prepare a registration statement on Form F-4, which will include a preliminary proxy statement of the Company containing information
about the proposed business combination and the respective businesses of the Company and KEO Energy, as well as the prospectus relating
to a newly formed holding company’s securities to be issued in connection with the completion of the proposed business combination,
to be filed with the sU. S. Securities and Exchange Commission (“SEC”). In an instance where a definitive agreement is executed
and after the registration statement is declared effective, the proxy statement/prospectus will be mailed to the Company’s shareholders.
The Company urges investors and other interested persons to read, when available, the proxy statement/prospectus, as well as other documents
filed with the SEC, because these documents will contain important information about the proposed business combination. Such persons
can also read the Company’s reports filed with the SEC for a description of the security holdings of its officers and directors
and their respective interests as security holders in the consummation of the transactions described herein. The proxy statement/prospectus,
once available, and the Company’s reports can be obtained, without charge, at the SEC’s website (http://www.sec.gov).
Participants
in the Solicitation
The
Company or a newly formed holding company, Keo Energy and their respective directors, executive officers and other members of their management
and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of the Company’s shareholders in
connection with the proposed business combination. Investors and security holders may obtain more detailed information regarding the
names, affiliations and interests of the Company’s directors and officers in the Company’s reports filed with the SEC. Information
regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to the Company’s shareholders
in connection with the proposed business combination will be set forth in the proxy statement/prospectus for the proposed business combination
when available. Information concerning the interests of KEO Energy and the Company’s participants in the solicitation, which may,
in some cases, be different than those of their respective equityholders generally, will be set forth in the proxy statement/prospectus
relating to the proposed business combination when it becomes available.
Forward
Looking Statements
This
Item 8.01 of this Current Report on Form 8-K may contain “forward-looking statements” with respect to Lionheart and KEO Energy.
The expectations, estimates, and projections of the businesses of KEO Energy and Lionheart may differ from their actual results and consequently,
you should not rely on these forward looking statements as predictions of future events. Words such as “expect,” “estimate,”
“project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,”
“may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,”
“continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements
may include, without limitation, the expected listing of the combined company’s ordinary shares, the expected composition of the combined
company’s board of directors, the indicative valuation, expectations with respect to future performance and anticipated financial impacts
of the proposed business combination, the satisfaction of the closing conditions to the proposed business combination, and the timing
of the completion of the proposed business combination. These forward-looking statements involve significant risks and uncertainties
that could cause the actual results to differ materially from the expected results. Most of these factors are outside of the control
of Lionheart and KEO Energy and are difficult to predict. Factors that may cause such differences include, but are not limited to: (a)
the occurrence of any event, change or other circumstances that could give rise to the termination of the negotiations and any subsequent
definitive agreements with respect to the proposed business combination, and the possibility that the terms and conditions set forth
in any definitive agreements with respect to the proposed business combination may differ materially from the terms and conditions set
forth in the letter of intent, (b) the outcome of any legal proceedings that may be instituted against the parties following the announcement
of the proposed business combination and any definitive agreements with respect thereto; (c) the inability to complete the proposed business
combination, including due to failure to obtain approval of the shareholders of Lionheart and KEO Energy, OFAC authorization and Venezuelan
governmental approvals, or other conditions to closing; (d) changes in applicable sanctions or in Venezuelan law, including the Law Amending
the Organic Law on Hydrocarbons; (e) the results of due diligence, including any resulting change to the indicative valuation; (f) the
inability to obtain or maintain the listing of the combined company’s securities on the Nasdaq Stock Market LLC or another national
securities exchange following the proposed business combination; (g) the risk that the proposed business combination disrupts current
plans and operations as a result of the announcement and consummation of the proposed business combination; (h) the ability to recognize
the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability
of the combined company to grow and manage growth profitably and retain its key employees; (i) costs related to the proposed business
combination; (j) changes in applicable laws or regulations; and (k) other risks and uncertainties included in documents filed or to be
filed with the SEC by Lionheart, KEO Energy and the combined company. The foregoing list of factors is not exclusive. You should not
place undue reliance upon any forward-looking statements, which speak only as of the date made. Lionheart and KEO Energy do not undertake
or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any
change in their expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required
by law.
No
Offer or Solicitation
This
Current Report on Form 8-K and the exhibit hereto shall not constitute a solicitation of a proxy, consent, or authorization with respect
to any securities or in respect of the proposed transaction. This Current Report on Form 8-K and the exhibit hereto shall also not constitute
an offer to subscribe for, buy or sell, the solicitation of an offer to subscribe for, buy or sell or an invitation to subscribe for,
buy or sell any securities or the solicitation of any vote or approval in any jurisdiction pursuant to or in connection with the proposed
transactions or otherwise, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation,
or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits
Exhibit Description
Number
────────────────────────────────────────────────────────────────────────────────────────────
99.1 Press Release
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)