Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 77

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 77
---
(6,438,488) 
     (14,773,747) 
     (21,212,235)

    Net
    income 
     —  
     —  
     —  
     —  
     —  
     5,839,656  
     5,839,656 

    Balance
    – December 31, 2024 
     —  
    $—  
     7,666,667  
    $767  
    $—  
    $(8,934,091) 
    $(8,933,324)

The
accompanying notes are an integral part of this financial statement.

F-5

LIONHEART
HOLDINGS

STATEMENT
OF CASH FLOWS

FOR
THE PERIOD FROM FEBRUARY 21, 2024 (INCEPTION) THROUGH DECEMBER 31, 2024

    Cash Flows from Operating Activities: 

    Net income 
    $5,839,656 
  
    Adjustments to reconcile net income to net
    cash used in operating activities: 

    Payment of formation
    costs through IPO Promissory Note 
     5,000 
  
    Interest earned on marketable
    securities held in Trust Account 
     (6,335,105)
  
    Changes in operating
    assets and liabilities: 

    Prepaid expenses 
     (10,034)
  
    Prepaid insurance 
     (78,750)
  
    Long term prepaid insurance 
     (91,875)
  
    Deferred legal fee payable 
     25,000 
  
    Accrued
    expenses 
     5,000 
  
    Net
    cash used in operating activities 
     (641,108)

    Cash Flows from Investing
    Activities: 

    Investment
    of cash into Trust Account 
     (230,000,000)
  
    Net
    cash used in investing activities 
     (230,000,000)

    Cash Flows from Financing
    Activities: 

    Proceeds from issuance
    of Class B Ordinary Shares to Sponsor 
     25,000 
  
    Proceeds from sale of
    Units, net of underwriting discounts paid 
     226,000,000 
  
    Proceeds from sale of
    Private Placements Warrants