Three Lions Acquisition opens for trading as it eyes a potential sports deal

• Three Lions Acquisition Corp. (TLAC) began trading at $9.95 after its IPO, which was priced at $10.00 per unit.

• The firm targets investments in the sports, hospitality, leisure, and real estate sectors and is associated with Lions Capital Management.

• Chairman Berke Bakay has a notable background in sports investment and restaurant management, while CEO Brett Johnson has experience in private equity and sports team ownership.

• TLAC's share price has remained stable, trading between $9.94 and $9.97 since its debut.

Recommendation Rating: Strong Buy

On Tuesday, Three Lions Acquisition Corp. (TLAC) commenced trading at $9.95 following its initial public offering (IPO), which was set at $10.00 per unit.

The focus of Three Lions Acquisition is primarily on target businesses within the sports, hospitality, leisure, and real estate industries. The firm is connected to Lions Capital Management through its founders’ backgrounds, branding, and investment strategies.

Chairman Berke Bakay, a recognized sports investor, also serves as co-chair of Phoenix Rising FC. He previously spearheaded Kona Grill, a restaurant brand that was once publicly traded on Nasdaq. As CEO, Brett Johnson leads Benevolent Capital; his background includes experience in private equity and a five-year tenure managing the computer-accessories company Targus. Johnson is also actively involved with Phoenix Rising FC, Rhode Island FC, and Ipswich Town as part of the Gamechanger 20/Three Lions ownership group.

To date, shares of Three Lions Acquisition Corp. (TLAC) have fluctuated within a tight range of $9.94 to $9.97.