Three Lions Acquisition Corp. raised $100,000,000 through 10,000,000 IPO units and $4,000,000 through 400,000 private Placement units on September 2, 2026. It placed $100,500,000 in trust for public shareholders while pursuing a merger, share exchange, asset acquisition, share purchase, reorganization or similar Business combination.

Key Highlights

  • EarlyBirdCapital received a 45-day option to buy up to 1,500,000 additional units at the IPO price.
  • Three Lions Sponsor, LLC bought 200,000 private placement units, while EarlyBirdCapital and third-party investors each bought 100,000.
  • The Balance Sheet lists $101,756,990 in total assets, including $1,236,590 in cash outside the trust account.

Three Lions Acquisition Corp. (NASDAQ: TLACU) placed $100,500,000 in a trust account for public shareholders after completing its initial public offering and private placement on September 2, 2026. The IPO sold 10,000,000 units at $10.00 each and generated $100,000,000 in gross proceeds. The private placement added 400,000 units at $10.00 each and produced $4,000,000 in gross proceeds.

$100.5M Held In Trust

The trust account holds funds derived from the two transactions for the benefit of public shareholders. The 10,000,000 public units include ordinary shares with a $0.0001 Par Value and warrants. The private placement units also include ordinary shares and warrants. Three Lions Acquisition Corp. said substantially all net proceeds are intended generally for completing a business combination. The company’s balance sheet records $100,500,000 as cash held in the trust account. Total Assets stood at $101,756,990, including $1,236,590 in cash and $20,400 in prepaid expenses.

Private Placement Breakdown

Three Lions Sponsor, LLC acquired 200,000 private placement units. EarlyBirdCapital, Inc. the IPO underwriter, bought 100,000 units, and certain third-party investors purchased another 100,000 units. The balance sheet includes an over-allotment option Liability of $91,400. Current liabilities totaled $464,775. That amount included $139,280 of accrued offering costs, $34,196 of accrued expenses, $49,899 due to the sponsor and a $150,000 related-party promissory note.

Redemption And Equity Details

The balance sheet classifies 10,000,000 ordinary shares as subject to possible Redemption at a redemption value of $10.05 per share, for a total of $100,500,000. Public shareholders may redeem all or part of those shares in connection with a Shareholder meeting to approve a business combination or through a tender offer connected with the transaction. Three Lions Acquisition Corp. had 1,000,000 preference shares authorized and none issued and outstanding. Subscription share receivable stood at $26,739, and accumulated Deficit was $116,553. Total shareholders’ equity was $792,215. The proceeds remain in the trust account until the earlier of a business combination or distribution of the funds to shareholders.