Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 696

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 6
Chunk 696
---

    Account 
    $236,335,105 
  
    Cash 
    $891,017 

    FOR THE
PERIOD FROM FEBRUARY 21,
2024
 (INCEPTION)
    THROUGH
    DECEMBER 31,
2024 
  
    General
    and administrative and formation costs 
    $495,449 
  
    Interest
    earned on marketable securities held in Trust Account 
    $6,335,105 

F-18

LIONHEART
HOLDINGS

NOTES
TO FINANCIAL STATEMENT

DECEMBER
31, 2024

The
CODM reviews interest earned on the Trust Account to measure and monitor shareholder value and determine the most effective strategy
of investment with the Trust Account funds while maintaining compliance with the Investment Management
Trust Agreement, dated June 17, 2024, which the Company entered into with Continental,
as trustee of the Trust Account.

General
and administrative expenses are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available
to complete a Business Combination or similar transaction within the Combination Period. The CODM also reviews general and administrative
costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. General
and administrative costs, as reported on the accompanying statement of operations, are the significant segment expenses provided to the
CODM on a regular basis. The accounting policies used to measure the profit and loss of the segment are the same as those described in
the summary of significant accounting policies.

NOTE
10. SUBSEQUENT EVENTS 

The
Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statement
was issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure
in the financial statement.

F-19

EXHIBIT
INDEX

    Exhibit
    No.
     
    Description
  
    3
     
    Amended
    and Restated Memorandum and Articles of Association. (2)
  
    4.1
     
    Specimen
    Unit Certificate. (1)
  
    4.2
     
    Specimen
    Ordinary Share Certificate. (1)
  
    4.3
     
    Specimen
    Warrant Certificate (included as an exhibit to Exhibit 4.4 below). (2)