Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 498

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 4
Chunk 498
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 50 potential targets and negotiated Business Combination terms with multiple candidates in a span of a few months
and acquired BurgerFi at what it believed was an attractive multiple relative to its peers. On October 11, 2021, BurgerFi, led by
Mr. Sternberg as the former Executive Chairman, announced the acquisition of Anthony’s Coal Fired Pizza & Wings (“Anthony’s”)
for $156.6 million, creating a multi-brand platform of premium casual restaurant concepts.

26

On
August 21, 2020, Lionheart Acquisition Corporation II (Nasdaq: LCAP), raised $230 million in its initial public offering,
led once again by Mr. Sternberg as Chairman, President and CEO. On May 23, 2022, LCAP closed its $32.6 billion Business
Combination with MSP Recovery, a data-driven solutions provider, recovering improperly paid benefits on behalf of Medicare, Medicaid
and commercial payers. Mr. Sternberg remains as a director of the combined company. In January 2023, MSP Recovery announced a rebranding
to LifeWallet (NASDAQ: LIFW); its underlying business model remains the same.

On
November 8, 2021, Lionheart III Corp (Nasdaq: LION) closed on its initial public offering at an upsized $125 million,
led once again by Mr. Sternberg as Chairman, President and CEO. On July 26, 2022, Lionheart III Corp announced its
Business Combination agreement with Security Matters Limited (“SMX”) (ASX:SMX), a publicly traded company on the Australian
Securities Exchange, with an expected combined entity value of $360 million. Its technology gives materials in all states of
matter, solid, liquid, and gas, the ability to maintain a virtual memory of their origination, processing and supply chain journey, including
the ability to authenticate provenance. The transaction, which closed in March 2023, resulted in the simultaneous de-listing of
SMX in Australia and its re-listing on the Nasdaq. Mr. Sternberg remains as a director of the combined company.

In
May 2021, Mr. Sternberg led Lionheart Capital through the acquisition of the American speed boat racing brand, Cigarette Racing
Team, a builder of powerboats for performance boaters