Three Lions Acquisition Corp., a special purpose acquisition company (SPAC), has announced the closing of its initial public offering (IPO). The company sold 10,000,000 units at a price of $10.00 per unit, resulting in gross proceeds of $100,000,000. The offering was declared effective by the Securities and Exchange Commission on August 31, 2026, and closed on September 2, 2026.
Each unit consists of one ordinary share with a par value of $0.0001 per share and one-half of one warrant. Once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to be listed on the Nasdaq Global Market under the symbols "TLAC" and "TLACW," respectively. Each whole warrant entitles the holder to purchase one ordinary share at an exercise price of $11.50 per share.
In connection with the IPO, EarlyBirdCapital, Inc. served as the sole book-running manager. The underwriter has been granted a 45-day option to purchase up to an additional 1,500,000 units at the initial public offering price to cover over-allotments, if any.
Simultaneously with the closing of the IPO, the company completed a private placement of 400,000 units to Three Lions Sponsor, LLC, EarlyBirdCapital, and certain third-party investors. These private placement units were sold at $10.00 per unit, generating gross proceeds of $4,000,000. The total gross proceeds from the IPO and the private placement, amounting to $104,000,000, were placed in a trust account established for the benefit of the Company’s public shareholders. The trust account will hold these funds until the earliest to occur of the completion of the Company’s initial business combination or the redemption of public shares.
The Company’s board of directors, effective August 31, 2026, is comprised of Berke Bakay, Harry Brandler, Jeffrey G. Brock, Jeffrey A. Dunham, and Jameson Culp.
