
Legion Capital Acquisition Corp.
LCAD.UFiledLegion Capital Acquisition Corp. · NYSE · latest filing 2026-09-04
IPO research
Legion Capital Acquisition Corp. is a pre-business-combination SPAC proposing a $200 million IPO of units. The principal disclosed risks are no operating history, sponsor control, substantial founder-share dilution, redemption uncertainty, and dependence on completing a business combination within 24 months.
The preliminary prospectus describes a proposed offering of 20,000,000 units at $10.00 per unit, with each unit comprising one Class A ordinary share and one-third of a redeemable warrant.
Capital destination
Awaiting verificationS-1 · 2026-09-04
Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.
Check the source · S-1 ↗Capital destination
Awaiting verificationS-1 · 2026-09-04
Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.
Check the source · S-1 ↗Names not yet published
Fully diluted valuation bridge
| Status | Reference |
|---|---|
| Awaiting verification | Source ↗ |
Basic-price scenario
A verified single offer price and basic post-offer share count are required. This is a data gap, not a paid lock.
Check the source · S-1 ↗Holder data awaits verification
The sponsor holds founder shares and Class B holders control director appointment and removal before the business combination. Certain investor amounts and individual allocations remain placeholders. · 2026-09-04
The sponsor holds founder shares and Class B holders control director appointment and removal before the business combination. Certain investor amounts and individual allocations remain placeholders.
One disclosed holder; not a complete ownership distribution.Check the source · S-1 ↗Conditional lock-up timeline
| Status | Reference |
|---|---|
| Awaiting verification | Source ↗ |
Financial quality and runway
| Status | Reference |
|---|---|
| Awaiting verification | Source ↗ |
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Public shareholders may not receive a vote on the business combination, and founder shareholders may support completion regardless of public-holder views.
- Potential impact
- Awaiting verification
- Monitor
- Expected next event: effectiveness/closing of the offering and related Form 8-K filing; the evidence does not provide a firm closing date.
- Evidence
- Summary of Risk Factors ↗