Lionheart appoints Venezuela energy veteran to board as SPAC pivots to oil & gas deals

Filed June 9, 2026 · Period ending June 6, 2026 · ~1 min read

Key Changes

• high

  Company appointed Freddy J. Martinez as independent director on June 6, explicitly tied to prioritizing oil and gas opportunities in Venezuela—a strategic pivot carrying significant geopolitical and sanctions risk.

  Item 5.02 verify on EDGAR →
• high

  Shareholders vote June 15 on extending business combination deadline to March 2027, indicating no deal is imminent despite SPAC being operational since 2024 IPO.

  Item 5.02 verify on EDGAR →
• medium

  Martinez brings 40+ years in investment management and Venezuelan energy projects but receives no cash compensation currently; company reserves right to pay advisory, success, or finder fees from non-trust funds.

  Item 5.02 verify on EDGAR →