12:52 AM EDT, 07/21/2026 (MT Newswires) -- Keo Capital (KEOC.ST) signed a nonbinding letter of intent for the potential combination of its Keo Energy unit with Lionheart Holdings. The financial technology company said Monday that the potential combination will result in a US listing of Keo Energy with an indicative pre-money enterprise value of $400 million, subject to the final determination of applicable fiscal terms with the Venezuelan government. Keo Energy's principal asset comprises an indirect equity interest in a joint venture holding interests in the PetroUrdaneta Project in the Bolivarian Republic of Venezuela. The parties are targeting a listing on the Nasdaq bourse's Capital Market tier.

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