Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 6

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 6
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 including investment market participants, private equity funds and large
business enterprises seeking to divest non-core assets or divisions.

We
have not contacted any of the prospective target businesses that our Management Team in their prior SPACs had considered and rejected
as target businesses to acquire. However, we may contact such targets if we become aware that such targets are interested in a potential
initial Business Combination with us and such transaction would be attractive to our shareholders. Accordingly, there is no current basis
for investors to evaluate the possible merits or risks of the target business with which we may ultimately complete our initial Business
Combination.

We are not prohibited from pursuing an initial Business Combination
with a company that is affiliated with our sponsor, officers or directors or completing the Business Combination through a joint venture
or other form of shared ownership with our sponsor, officers or directors. In the event we seek to complete our initial Business Combination
with a company that is affiliated (as defined in our amended and restated memorandum and articles of association) with our sponsor, officers
or directors, we, or a committee of independent directors, will obtain an opinion from an independent investment banking firm or another
independent entity that commonly renders valuation opinions, stating that the consideration to be paid by us in such an initial Business
Combination is fair to our company from a financial point of view. We are not required to obtain such an opinion in any other context.

Members
of our Management Team and our independent directors directly or indirectly own Founder Shares and/or Private Placement Warrants and,
accordingly, may have a conflict of interest in determining whether a particular target business is an appropriate business with which
to effectuate our initial Business Combination. Further, each of our officers and directors may have a conflict of interest with respect
to evaluating a particular Business Combination if the retention or resignation of any such officers and directors was included by a
target business as a condition to any agreement with respect to our initial Business Combination.

Each
of our officers and directors presently has, and any of them in the future may have additional, fiduciary, contractual or other obligations
or duties to one or more other entities pursuant to which such officer or director is or will be required to present a Business Combination
opportunity to such entities. Accordingly, if any of our officers or directors becomes aware of a Business Combination opportunity that
is suitable for an entity to which he or she has then current fiduciary or contractual obligations, he or she will honor his or her fiduciary
or contractual