Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 116

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1A
Chunk 116
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 compliance with all applicable initial listing requirements, the combined company can apply to list its securities
on Nasdaq pursuant to the normal application review process. The Nasdaq Rules contain a list of deficiencies that would immediately result
in a Staff Delisting Determination, which includes noncompliance with the Nasdaq 36-Month Requirement. Accordingly, were we to amend our
Amended and Restated Charter to extend the date by which we are permitted to consummate our initial Business Combination, we would still
need to consummate our initial Business Combination on or prior to June 17, 2027 in order to avoid a suspension of our securities from
trading on and delisting from Nasdaq. If Nasdaq were to suspend our securities from trading and delist our securities, our securities
could potentially be quoted on an over-the-counter market. Even if our securities are then quoted on an over-the-counter market, our Nasdaq
suspension and delisting could have significant material adverse consequences, including:

●making our securities appear to be less attractive to potential target companies
than the securities of an exchange listed SPAC;

●limited availability of market quotations for our securities;

●reduced liquidity for our securities;

●the possibility that our Class A Ordinary Shares would be deemed “penny
stock,” which will require brokers trading in our Class A Ordinary Shares to adhere to more stringent rules and possibly result
in a reduced level of trading activity in the secondary trading market for our securities;

●limited news and analyst coverage; and

●decreased ability to issue additional securities or obtain additional financing
in the future.

In addition, if our securities are delisted from Nasdaq, trading in
our securities, and offers and sales of our securities by us, may be subject to state securities regulation and additional compliance
costs.

19

The share price of the post-Business Combination
company may be less than the Redemption Price (as defined below) of our Public Shares. 

Each Unit sold in our Initial
Public Offering at an offering price of $10.00 per Unit consisted of one Public Share and one-half of one Public Warrant. Of the proceeds
we received from the Initial Public Offering and the Private Placement, $230,000,000 was placed in our Trust Account. We will provide
our Public Shareholders the opportunity to redeem all or a portion of their Public Shares in connection with the completion of our initial
Business Combination, and potentially upon the occurrence of certain other events prior to our initial Business Combination