Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 598

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 5
Chunk 598
---
 —  
     6,000,000  
     —  
     6,000,000 

    Fair
    Value of Public Warrants at issuance 
     —  
     —  
     —  
     —  
     460,000  
     —  
     460,000 

    Allocated
    value of offering costs to Public and Private Placement Warrants 
     —  
     —  
     —  
     —  
     (45,745) 
     —  
     (45,745)

    Accretion
    for Class A Ordinary Shares to redemption amount 
     —  
     —  
     —  
     —  
     (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,