Company: CUB
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074966
Chunk: 32

Company: Lionheart Holdings
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

    Level 2:
    Observable inputs other
    than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted
    prices for identical assets or liabilities in markets that are not active.

    Level 3:
    Unobservable inputs based
    on the Company’s assessment of the assumptions that market participants would use in pricing the asset or liability.

Level 1 assets include investments
in money market funds that invest solely in U.S. government securities. At June 30, 2025, assets held in the Trust Account were comprised
of $241,260,237 in money market funds, which were invested primarily in U.S. government securities. At December 31, 2024, assets held
in the Trust Account were comprised of $236,335,105 in money market funds, which were invested primarily in U.S. government securities.

At issuance, the Public
Warrants were valued using a Monte Carlo model. The Public Warrants have been classified within shareholders’ deficit and will
not require remeasurement after issuance. The following table presents the quantitative information regarding market assumptions used
in the valuation of the Public Warrants:

    June 20, 2024 
  
    Market price of Public Warrants 
    $9.96 
  
    Term (years) 
     6.53 
  
    Risk-free rate 
     4.25%
  
    Volatility 
     7.2%

17

NOTE 9. SEGMENT INFORMATION

ASC 280 establishes standards
for companies to report in their financial statement information about operating segments, products, services, geographic areas, and
major customers. “Operating segments” are defined as components of an enterprise that engage in business activities from
which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated
by a CODM, or group, in deciding how to allocate resources and assess performance.

The Company’s CODM
has been identified as the Chief Financial Officer, who reviews the assets, operating results, and financial metrics for the Company
as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, Management has determined that
there is only one reportable segment.

The CODM assesses performance
for the single segment and decides how to allocate resources based on net income that also is reported on the statement of operations
as net income