Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 299

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1C
Chunk 299
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 to the Letter Agreement, they will not propose any amendment to our Amended and Restated Memorandum (i) to modify the substance
or timing of our obligation to allow redemption in connection with our initial Business Combination or to redeem 100% of our Public Shares
if we do not complete our initial Business Combination within the Combination Period or (ii) with respect to any other material provisions
relating to shareholders’ rights or pre-initial Business Combination activity, in each case, unless we provide our Public Shareholders
with the opportunity to redeem their Public Shares upon approval of any such amendment at a per-share price, payable in cash, equal to
the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously
released to us to pay our taxes, if any, divided by the number of then outstanding Public Shares.

Director
Independence

The
Nasdaq Rules require that a majority of our Board of Directors be independent within one year of our Initial Public Offering. An “independent
director” is defined generally as a person who, in the opinion of the company’s board of directors, has no material relationship
with the listed company (either directly or as a partner, shareholder or officer of an organization that has a relationship with the
company). We have four “independent directors” as defined in the Nasdaq Rules and applicable SEC rules. Our Board of Directors
has determined that Messrs. Hawkins, Meltzer and Sheriff and Ms. Cohen are “independent directors” as defined in the Nasdaq
Rules and applicable SEC rules. Our independent directors have regularly scheduled meetings at which only independent directors are present.

Item
14. Principal Accountant Fees and Services.

The
following is a summary of fees paid or to be paid to Withum for services rendered.

Audit
Fees

Audit
fees consist of fees for professional services rendered for the audit of our year-end financial statements and services that are normally
provided by Withum in connection with regulatory filings. The aggregate fees of Withum for professional services rendered for the audit
of our annual financial statements, review of the financial information included in our Forms 10-Q for the respective periods and other
required filings with the SEC for the period from February 21, 2024 (inception) through December 31, 2024 totaled approximately $117,480.
The above amounts include interim procedures and audit fees, as well as attendance at Audit Committee meetings.

38

Audit-