Company: CUB
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109274
Chunk: 88

Company: Lionheart Holdings
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 88
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000 Private Placement Warrants to the Sponsor and Cantor in the Private Placement at a purchase price of $1.00
per Private Placement Warrants, generating gross proceeds to us of $ 6,000,000. Of those 6,000,000 Private Placement Warrants, the Sponsor
purchased 4,000,000 Private Placement Warrants and Cantor purchased 2,000,000 Private Placement Warrants. The Private Placement Warrants
are identical to the Public Warrants, except as otherwise disclosed in the IPO Registration Statement.

Following
the closing of the Initial Public Offering and Private Placement, an amount of $230,000,000 from the net proceeds of the Initial Public
Offering and the Private Placement was initially placed in the Trust Account located in the United States with Continental acting as trustee.
The Trust Account may be invested only (i) in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment
Company Act with a maturity of 185 days or less, (ii) in any open-ended investment company that holds itself out as a money market fund
selected by us meeting the conditions of paragraphs (d)(2), (d)(3) and (d)(4) of Rule 2a-7 of the Investment Company Act, or (iii) as
cash or cash items (including in demand deposit accounts) at a bank as determined by us, until the earlier of: (x) the completion of the
Business Combination and (y) the distribution of the Trust Account, as described below.

We
have until June 20, 2026 (24 months from the closing of the Initial Public Offering), or until such earlier liquidation date as our Board
may approve or such later date as our shareholders may approve pursuant to the Amended and Restated Articles, to consummate the Business
Combination. If we are unable to complete the Business Combination by the end of the Combination Period, we will (i) cease all operations
except for the purpose of winding up, (ii) as promptly as reasonably possible, but not more than ten business days thereafter, redeem
the Public Shares, 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 taxes, if any, divided by the number of
then outstanding Public Shares, which redemption will completely extinguish Public Share