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Lionheart SPAC Discussed a Deal With Security Matters

Lionheart III Corp., a special purpose acquisition company, has held talks with Australian technology company Security Matters Ltd., according to people with knowledge of the matter.

Lionheart has begun discussions with backers of a potential private investment in public equity, or PIPE, for a deal that would provide growth capital to Melbourne-based Security Matters, said one of the people, who requested anonymity discussing confidential negotiations. A transaction hasn’t been finalized and it’s possible talks collapse.