Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 816

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 7A
Chunk 816
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 period, which means that when a standard is issued or revised and it has different application dates for public
or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies
adopt the new or revised standard. This may make comparison of the Company’s financial statement with another public company that
is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult
or impossible because of the potential differences in accounting standards used.

F-9

LIONHEART
HOLDINGS

NOTES
TO FINANCIAL STATEMENT

DECEMBER
31, 2024

Use
of Estimates

The
preparation of the financial statements in conformity with GAAP requires the Management to make estimates and assumptions that affect
the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement
and the reported amounts of revenues and expenses during the reporting period.

Making
estimates requires Management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of
a condition, situation or set of circumstances that existed at the date of the accompany financial statement, which Management considered
in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results
could differ significantly from those estimates.

Cash
and Cash Equivalents

The
Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents.
The Company has $891,017 in cash and does not have any cash equivalents as of December 31, 2024.

Marketable
Securities Held in Trust Account

The
Company’s portfolio of investments is comprised of cash and 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, or investments in money market funds that invest in U.S.
government securities and generally have a readily determinable fair value, or a combination thereof. When the Company’s investments
held in the Trust Account are comprised of U.S. government securities, the investments are classified as trading securities, which are
presented at fair value. Gains and losses resulting from the change in fair value of these securities are included in income from investments
held in the Trust Account in the accompanying statement of operations. The estimated fair values of investments held in the Trust Account
are