U.S. capital is racing to secure Venezuela’s oil fields and plans to establish the first “Venezuelan oil company” on Nasdaq.

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Mars Finance News, June 13—According to the UK’s Financial Times, American investment groups are taking advantage of former President Trump’s earlier efforts to overturn Maduro to compete in positioning themselves around Venezuela’s underutilized oil fields. Miami-based fund Lionheart Capital has taken the lead, signing a letter of intent to merge its publicly listed shell company, Lionheart Holdings, with Keo Energy, which has oil-asset holdings in Venezuela.

Insiders say that the merger would result in the first Venezuelan oil company to be listed on Nasdaq, providing a direct investment channel for U.S. and institutional investors. The report states that Lionheart plans to take the oil company public through the merger at an estimated valuation of about $1 billion. Its shell company, Lionheart Holdings, raised $230 million in 2024.

Sources say negotiations are still in their early stages and have not been finalized, and the deal could potentially fall apart. Lionheart Holdings plans to hold a shareholder vote next week, seeking additional time to find an acquisition target, otherwise it could face liquidation.

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