Company: CUB
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074966
Chunk: 4

Company: Lionheart Holdings
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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    $(22,260) 
    $2,740 

    Accretion for Class A ordinary shares to redemption amount 
     —  
     —  
     —  
     —  
     (6,438,488) 
     (8,679,472) 
     (15,117,960)

    Sale of 6,000,000 Private Placement Warrants 
     —  
     —  
     —  
     —  
     6,000,000  
     —  
     6,000,000 

    Fair Value of Public Warrants at issuance 
     —  
     —  
     —  
     —  
     460,000  
     —  
     460,000 

    Allocated value of offering costs to public and private warrants 
     —  
     —  
     —  
     —  
     (45,745) 
     —  
     (45,745)

    Net income 
     —  
     —  
     —  
     —  
     —  
     129,478  
     129,478 

    Balance – June 30, 2024 
     —  
    $—  
     7,666,667  
    $767  
    $—  
    $(8,572,254) 
    $(8,571,487)

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

3

LIONHEART HOLDINGS

CONDENSED STATEMENTS OF CASH FLOWS
(UNAUDITED)

    For the Six Months Ended June 30,  
    For the Period from February 21, 2024 (Inception) Through June 30, 

    2025  
    2024 
  
    Cash Flows from Operating Activities: 

    Net income 
    $4,446,406  
    $107,218 
  
    Adjustments to reconcile net income to net cash used in operating activities: 

    Payment of formation costs through promissory note 
     —  
     5,000 
  
    Change in fair value of marketable securities 
     (