SCHEDULE: LMR Partners Adjusts Stake in Lionheart Holdings

LMR Partners entities and individuals report a combined 3.5% beneficial ownership of Lionheart Holdings' Class A ordinary shares as of June 30, 2026.

Summary

• This filing is an amendment to a Schedule 13G, indicating a change in beneficial ownership of Lionheart Holdings' Class A ordinary shares.
• The reporting persons include LMR Partners LLP, LMR Partners Limited, LMR Partners LLC, LMR Partners AG, LMR Partners (DIFC) Limited, LMR Partners (Ireland) Limited (collectively, the 'LMR Investment Managers'), and individuals Ben Levine and Stefan Renold.
• As of June 30, 2026, the LMR Investment Managers collectively beneficially own 750,000 Class A Ordinary Shares, representing approximately 3.5% of the outstanding shares.
• These shares are held by LMR Multi-Strategy Master Fund Limited and LMR CCSA Master Fund Ltd.
• The reporting persons also hold warrants to purchase an additional 495,000 Class A Ordinary Shares, exercisable at $11.50 per share.
• The filing confirms that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this filing as neutral to slightly negative, as it primarily reports a change in beneficial ownership without new operational or financial performance data.

Positives

• The reporting persons confirm that the shares were acquired and are held in the ordinary course of business.
• The filing indicates that the acquisition of shares was not for the purpose of influencing or changing control of the issuer.

Negatives

• The filing does not provide any new financial performance data or operational updates for Lionheart Holdings.
• The reported ownership stake of 3.5% is a passive investment and does not suggest any active involvement or strategic direction from LMR Partners.

Risks

• The warrants held by LMR Partners are exercisable only after the completion of the Issuer's initial business combination, introducing a contingent risk related to the timing and success of that combination.
• The exercise price of the warrants is $11.50, which may be higher than the market price of Class A Ordinary Shares, potentially limiting their value.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding Lionheart Holdings' future performance. The only forward-looking elements relate to the exercisability of warrants, which are contingent on the completion of the issuer's initial business combination.

Management Comments

• By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.
• By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to LMR Partners LLP, LMR Partners Limited, LMR Partners AG, LMR Partners (DIFC) Limited and LMR Partners (Ireland) Limited is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s).
• I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

Industry Context

StockSavvy.ai notes that this Schedule 13G filing is typical for investment management firms taking passive stakes in publicly traded companies, particularly those involved in special purpose acquisition vehicles (SPACs) like Lionheart Holdings appears to be, given the mention of an 'initial business combination'. The filing itself does not provide operational insights but reflects a common disclosure requirement for significant shareholders.

Stakeholder Impact

• Shareholders: The filing indicates a significant passive investment by LMR Partners, which could be perceived neutrally by existing shareholders as it does not signal an immediate change in control or strategy. The presence of warrants suggests potential future share dilution if exercised.
• Creditors: No direct impact on creditors is indicated by this filing.
• Employees: No direct impact on employees is indicated by this filing.
• Suppliers: No direct impact on suppliers is indicated by this filing.
• Customers: No direct impact on customers is indicated by this filing.

Next Steps

• The LMR Investment Managers and individuals Ben Levine and Stefan Renold will continue to hold their beneficial ownership of Class A Ordinary Shares and warrants.
• The warrants are exercisable 30 days after the completion of the Issuer's initial business combination.
• The warrants will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or the Issuer's liquidation.

Key Dates

Keywords

Schedule 13G, Beneficial Ownership, Lionheart Holdings, LMR Partners, Class A Ordinary Shares, Warrants, Investment Managers, SEC Filing