Company: CUB
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001213900-25-042278
Chunk: 1

Company: Lionheart Holdings
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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    Class A Ordinary Shares, $0.0001 par value; 500,000,000 shares authorized; none issued or outstanding (excluding 23,000,000 shares subject to possible redemption) as of March 31, 2025 and December 31, 2024, respectively 
     —  
     — 
  
    Class B Ordinary Shares, $0.0001 par value; 50,000,000 shares authorized; 7,666,667 shares issued and outstanding as of March 31, 2025 and December 31, 2024 
     767  
     767 
  
    Additional paid-in capital 
     —  
     — 
  
    Accumulated deficit 
     (9,182,652) 
     (8,934,091)
  
    Total Shareholders’ Deficit 
     (9,181,885) 
     (8,933,324)
  
    Total Liabilities, Class A Ordinary Shares Subject To Possible Redemption and Shareholders’ Deficit 
    $239,712,568  
    $237,406,781 

The accompanying notes are an integral part of
the unaudited condensed financial statements.

1

LIONHEART HOLDINGS

CONDENSED STATEMENTS OF OPERATIONS
(UNAUDITED)

    For the Three Months Ended March 31,
2025  
    For the Period from February 21, 2024 (Inception) Through March 31,
2024 

    General and administrative and formation costs 
    $248,561  
    $22,260 
  
    Loss from operations 
     (248,561) 
     (22,260)

    Other income: 

    Dividend earned on marketable securities held in Trust Account 
     2,447,259  
     — 
  
    Net income (loss) 
    $2,198,698  
    $(22,260)

    Weighted average shares outstanding of Class A Ordinary Shares 
     23,000,000  
     — 

    Basic and diluted net income per Ordinary Share, Class A Ordinary Shares 
    $0.07  
    $— 

    Weighted average shares outstanding of Class B Ordinary Shares 
     7,666,667  
     6,666,667 

    Basic and diluted net income (loss) per