Three Lions Acquisition Corp. Announces Closing of $100 Million Initial Public Offering

Three Lions Acquisition Corp (TLAC) closed its initial public offering on September 2, 2026, selling 10,000,000 units at $10.00 per unit for gross proceeds of $100,000,000.

Rhea-AI Summary

Three Lions Acquisition Corp (TLAC) closed its initial public offering on September 2, 2026, selling 10,000,000 units at $10.00 per unit for gross proceeds of $100,000,000.

Of the proceeds from the IPO and a simultaneous private placement, $100,500,000 was deposited into a trust account. Three Lions is a special purpose acquisition company formed to pursue a business combination, with an intended focus on targets in the sports, hospitality and leisure, and real estate sectors.

The units trade on the Nasdaq Global Market under the symbol TLACU. Each unit consists of one ordinary share and one-half of a warrant; each whole warrant allows the purchase of one ordinary share at $11.50. Once the securities trade separately, the ordinary shares and warrants are expected to trade under TLAC and TLACW, respectively. EarlyBirdCapital acted as sole book-running manager and holds a 45-day option to buy up to 1,500,000 additional units at the IPO price to cover any over-allotments.

Positive

• IPO gross proceeds of $100,000,000 from 10,000,000 units at $10.00
• $100,500,000 of IPO and private placement proceeds placed in trust
• Units listed on Nasdaq Global Market under symbol TLACU
• Underwriter has 45-day option for up to 1,500,000 additional units

Negative

• None.

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NEW YORK, Sept. 2, 2026 /PRNewswire/ -- Three Lions Acquisition Corp. (the "Company") announced today the closing of its initial public offering of 10,000,000 units. The offering was priced at $10.00 per unit, generating total gross proceeds of $100,000,000. Of the proceeds received from the initial public offering and a simultaneous private placement of units, $100,500,000 was placed in trust.

The Company is a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The Company expects to concentrate its efforts on target businesses in the sports, hospitality and leisure, and real estate sectors.

The units are listed and trading on the Nasdaq Global Market ("Nasdaq") under the symbol "TLACU." Each unit consists of one ordinary share and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one ordinary share at $11.50 per share. Once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "TLAC" and "TLACW," respectively.

EarlyBirdCapital, Inc. served as the sole book-running manager of the offering. EarlyBirdCapital 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.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on August 31, 2026. The offering was made only by means of a prospectus, copies of which may be obtained by contacting EarlyBirdCapital, Inc. at 366 Madison Avenue, 8th Floor, New York, New York 10017, Attention: Syndicate Department, by telephone at 212-661-0200.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Three Lions Acquisition Corp.

Three Lions Acquisition Corp. is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, or reorganization or engaging in any other similar business combination with one or more businesses or entities. The Company may pursue an initial business combination with a target in any business, industry or geography, but expects to concentrate its efforts on opportunities in the sports, hospitality and leisure, and real estate sectors.

Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including with respect to the initial public offering and the anticipated use of the proceeds thereof, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements, including those set forth in the risk factors section of the registration statement and prospectus for the Company's initial public offering. Copies of these documents can be accessed through the SEC's website at www.sec.gov. No assurance can be given that the net proceeds of the offering will be used as indicated in the offering prospectus. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.

Media Contact:

Three Lions Acquisition Corp.
Harry Brandler, CFO
888 Prospect Street
La Jolla, CA 92037
Tel: 917-822-8328

View original content:https://www.prnewswire.com/news-releases/three-lions-acquisition-corp-announces-closing-of-100-million-initial-public-offering-302867941.html

SOURCE Three Lions Acquisition Corp.

FAQ

What did Three Lions Acquisition Corp (TLAC) announce about its IPO?

Three Lions Acquisition Corp announced the closing of its initial public offering of 10,000,000 units at $10.00 per unit, generating total gross proceeds of $100,000,000 and completing the capital raise described in its prospectus.

How much money did TLAC raise and place in trust from its IPO?

The IPO generated $100,000,000 in gross proceeds. From the IPO and a simultaneous private placement, a total of $100,500,000 was placed into a trust account to be used in connection with a future business combination.

On which exchange are Three Lions Acquisition Corp units trading and under what symbol?

Three Lions Acquisition Corp units are listed and trading on the Nasdaq Global Market under the symbol TLACU. Once the components trade separately, the ordinary shares and warrants are expected to trade under TLAC and TLACW, respectively.

What does each TLAC unit include and what is the warrant exercise price?

Each TLAC unit consists of one ordinary share and one-half of one warrant. Every whole warrant entitles its holder to purchase one ordinary share at an exercise price of $11.50 per share, subject to the terms described in the company’s offering documents.

What type of company is Three Lions Acquisition Corp (TLAC) and what sectors will it target?

Three Lions Acquisition Corp is a special purpose acquisition company (SPAC) formed to pursue a merger or similar business combination. The company expects to focus on target businesses in the sports, hospitality and leisure, and real estate sectors.

Does the TLAC IPO include an over-allotment option for the underwriter?

Yes. EarlyBirdCapital, the sole book-running manager, has a 45-day option to purchase up to an additional 1,500,000 units at the IPO price to cover over-allotments, if any, which could increase the total number of units sold.

When was the TLAC registration statement declared effective by the SEC?

The registration statement for Three Lions Acquisition Corp’s securities was declared effective by the U.S. Securities and Exchange Commission on August 31, 2026, enabling the company to proceed with and close its initial public offering shortly thereafter.