Company: CUB
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074966
Chunk: 5

Company: Lionheart Holdings
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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4,925,132) 
     (240,830)
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     (33,941) 
     (23,150)
  
    Prepaid insurance 
     39,375  
     (262,500)
  
    Deferred legal fee payable 
     75,000  
     10,000 
  
    Accrued expenses 
     76,637  
     12,149 
  
    Net cash used in operating activities 
     (321,655) 
     (392,113)

    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 
     —  
     6,000,000 
  
    Proceeds from promissory note - related party 
     —  
     175,000 
  
    Repayment of promissory note - related party 
     —  
     (180,000)
  
    Payment of offering costs 
     —  
     (449,395)
  
    Net cash provided by financing activities 
     —  
     231,570,605 

    Net Change in Cash 
     (321,655) 
     1,178,492 
  
    Cash – Beginning of period 
     891,017  
     — 
  
    Cash – End of period 
    $569,362  
    $1,178,492 

    Non-Cash investing and financing activities: 

    Offering costs included in accrued offering costs 
    $75,000  
    $113,480 
  
    Deferred underwriting fee payable 
    $—  
    $9,800,000 
  
    Deferred legal fee payable 
    $75,000  
    $110,000 

The accompanying notes are an integral part of