Company: CUB
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109274
Chunk: 71

Company: Lionheart Holdings
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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Placement Warrants to purchase an aggregate of 6,000,000 Class A Ordinary Shares in the calculation of diluted income per share, because
in the calculation of diluted income per share, their exercise is contingent upon future events. As a result, diluted net income per Ordinary
Share is the same as basic net income per Ordinary Share for the three and nine months ended September 30, 2025 and for three months ended
September 30, 2024 and the period from February 21, 2024 (inception) through September 30, 2024. All accretions associated with the redeemable
Class A Ordinary Shares are excluded from earnings per Ordinary Share as the redemption value approximates fair value.

The following table reflects
the calculation of basic and diluted net income per Ordinary Share (in dollars, except per share amounts):

    For the Three Months Ended 
September 30,  
    For the Nine Months Ended 
September 30,  
    For the Period from February 21, 2024 (Inception) Through September 30 

    2025  
    2024  
    2025  
    2024 

    Class A  
    Class B  
    Class A  
    Class B  
    Class A  
    Class B  
    Class A  
    Class B 
  
    Basic and diluted net income per Ordinary Share: 

    Numerator: 

    Allocation of net income, as adjusted 
    $1,749,160  
    $583,053  
    $2,415,560  
    $805,187  
    $5,083,964  
    $1,694,655  
    $1,987,629  
    $1,340,336 
  
    Denominator: 

    Basic weighted average Ordinary Shares outstanding 
     23,000,000  
     7,666,667  
     23,000,000  
     7,666,667  
     23,000,000  
     7,666,667  
     10,567,568  
     7,666,667 
  
    Basic and diluted net income per Ordinary Share 
    $0.08  
    $0.08  
    $0.11  
    $0.11  
    $0.22