Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 1

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 1
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 Continental, acting as trustee.

It
is the job of our Sponsor and Management to complete our initial Business Combination. Our Management is led by Ophir Sternberg, our
Chairman, President and Chief Executive Officer, Paul Rapisarda, our Chief Financial Officer and Faquiry Diaz Cala, our Chief Operating
Officer. We must complete our initial Business Combination by June 20, 2026, the end of our Combination Period, which is 24 months from
the closing of our Initial Public Offering. If our initial Business Combination is not consummated by the end of our Combination Period,
then, unless our Board of Directors shall otherwise determine, our existence will terminate, and we will distribute all amounts in the
Trust Account.

We may seek to extend the Combination Period consistent with applicable
laws, regulations and stock exchange rules by amending our Amended and Restated Charter. Such an amendment would require the approval
of our Public Shareholders, who will be provided the opportunity to redeem all or a portion of their Public Shares in connection with
the vote on such approval. Such redemptions will decrease the amount held in our Trust Account and our capitalization, and may affect
our ability to maintain our listing on Nasdaq. In addition, the Nasdaq Rules currently require SPACs (such as us) to complete our initial
Business Combination in accordance with the Nasdaq 36-Month Requirement. If we do not meet the Nasdaq 36-Month Requirement, our securities
will likely be subject to a suspension of trading and delisting from Nasdaq.

Our
Management

Our
Management is pragmatic, measuring our success in both immediate and continuous financial return balanced across all stakeholders. Our
investment philosophy has been shaped by the many transactions we have originated, combined with our hands-on experiences as entrepreneurial
leaders across the growth spectrum, from startups to multi-billion-dollar corporations.

We
believe in quality management teams that lead attractive target businesses. Successful teams understand not only their craft,
but the limitations in their businesses, and realize that efficient scaling requires a consistent onboarding of knowledge, expertise,
and varied points of view, as well as capital, to continue winning the challenge of sustained extraordinary growth.

1

Unlocking
value and growth potential for our investors, our Business Combination targets, and ourselves is a balanced multi-part equation crafted
through an alignment of incentives and an incremental injection of value from and across all stakeholders.

We
have been and continue to be entrepreneurs, managers, board members and