Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 16

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 16
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, officers, advisors
                                            and their affiliates; and

othe
                                            number of our securities for which we have received redemption requests pursuant to our redemption
                                            offer.

Redemption
Rights for Public Shareholders upon Completion of Our Initial Business Combination

We will provide our Public
Shareholders with the opportunity to redeem, regardless of whether they abstain, vote for, or against, our initial Business Combination,
all or a portion of their Public Shares upon the completion of our initial Business Combination at a per-share price, payable in cash,
equal to the aggregate amount then on deposit in the Trust Account calculated as of two business days prior to the consummation of the
initial Business Combination, including interest earned on the funds held in the Trust Account (net of taxes payable, if any), divided
by the number of then outstanding Public Shares, subject to the limitations and on the conditions described herein. The amount in the
Trust Account was approximately $10.28 per Public Share as of December 31, 2024 (before taxes payable, if any). The per share amount we
will distribute to investors who properly redeem their Public Shares will not be reduced by the deferred underwriting commissions we will
pay to the underwriters. Our Sponsor, officers and directors have entered into the Letter Agreement with us, pursuant to which they have
agreed to waive their redemption rights with respect to their Founder Shares and any Public Shares they may hold in connection with the
completion of our initial Business Combination.

Our
proposed initial Business Combination may impose a minimum cash requirement for (i) cash consideration to be paid to the target or its
owners, (ii) cash for working capital or other general corporate purposes or (iii) the retention of cash to satisfy other conditions.
In the event the aggregate cash consideration we would be required to pay for all Public Shares that are validly submitted for redemption
plus any amount required to satisfy cash conditions pursuant to the terms of the proposed initial Business Combination exceed the aggregate
amount of cash available to us, we will not complete the initial Business Combination or redeem any shares, and all Public Shares submitted
for redemption will be returned to the holders thereof. We may, however, raise funds through the issuance of equity-linked securities
or through loans, advances or other indebtedness in connection with our initial Business Combination, including pursuant to any forward
purchase agreements or backstop arrangements into which we may enter, in order to, among other reasons, satisfy such net tangible assets
or minimum cash requirements.

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