Company: CUB
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001213900-25-042278
Chunk: 38

Company: Lionheart Holdings
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 and procedures can provide absolute assurance that we have detected all
our control deficiencies and instances of fraud, if any. The design of disclosure controls and procedures also is based partly on certain
assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated
goals under all potential future conditions. 

Changes in Internal Control over Financial
Reporting

Not applicable.

22

PART II – OTHER INFORMATION

Item 1. Legal Proceedings.

To the knowledge of our Management
Team, there is no material litigation currently pending or contemplated against us, any of our officers or directors in their capacity
as such or against any of our property.

Item 1A. Risk Factors.

As a smaller reporting company
under Rule 12b-2 of the Exchange Act, we are not required to include risk factors in this Report. For
additional risks relating to our operations, other than as set forth below, see the section titled “Risk Factors” contained
in our (i) IPO Registration Statement and (ii) 2024 Annual Report. Any of these factors could result in a significant or material
adverse effect on our results of operations or financial condition. Additional risks could arise that may also affect our business or
ability to consummate an initial Business Combination. We may disclose changes to such risk factors or disclose additional risk factors
from time to time in our future filings with the SEC.

Changes in international trade policies,
tariffs and treaties affecting imports and exports may have a material adverse effect on our search for an initial Business Combination
target or the performance or business prospects of a post-Business Combination company.

There have recently been significant
changes to international trade policies and tariffs affecting imports and exports. Any significant increases in tariffs on goods or materials
or other changes in trade policy could negatively affect our search for a target and/or our ability to complete our initial Business Combination.

Recently, the U.S. has implemented
a range of new tariffs and increases to existing tariffs.  In response to the “tariffs announced by the U.S., other countries
have imposed, are considering imposing, and may in the future impose new or increased tariffs on certain exports from the United States.
There is currently significant uncertainty about the future relationship between the United States and other countries with respect to
trade policies, taxes, government regulations and tariffs. and we cannot predict whether, and to what extent, current tariffs will
continue or trade policies will change in the future.

Tariffs, or