Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 549

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 4
Chunk 549
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 or Exceeds $18.00

The
Company may redeem the outstanding Warrants:

    ● in whole and not in part;           ● at a price of $0.01 per Warrant;           ● upon a minimum of 30 days’ prior written notice of redemption; and           ● if, and only if, the closing price of the Class A Ordinary Shares equals or exceeds $18.00 per share (as adjusted for adjustments to the number of Class A Ordinary Shares issuable upon exercise or the exercise price of a Warrant) for any 20 trading days within a 30-trading day period commencing at least 30 days after completion of the Company’s initial Business Combination and ending three business days before the Company sends the notice of redemption to the warrant holders. 

Additionally,
if the number of outstanding Class A Ordinary Shares is increased by a share capitalization payable in Class A Ordinary Shares,
or by a sub-division of Ordinary Shares or other similar event, then, on the effective date of such share capitalization, sub-division or
similar event, the number of Class A Ordinary Shares issuable on exercise of each Warrant will be increased in proportion to such
increase in the outstanding Ordinary Shares. A rights offering made to all or substantially all holders of Ordinary Shares entitling
holders to purchase Class A Ordinary Shares at a price less than the Fair Market Value will be deemed a share capitalization of
a number of Class A Ordinary Shares equal to the product of (i) the number of Class A Ordinary Shares actually sold in
such rights offering (or issuable under any other equity securities sold in such rights offering that are convertible into or exercisable
for Class A Ordinary Shares) and (ii) the quotient of (x) the price per Class A Ordinary Share paid in such rights
offering and (y) the fair market value. For these purposes, (i) if the rights offering is for securities convertible into or
exercisable for Class A Ordinary Shares, in determining the price payable for Class A Ordinary Shares, there will be taken
into account any consideration received for such rights, as well as any additional amount payable upon exercise or conversion and (ii) fair
market value means the volume weighted average price of Class A Ordinary Shares as reported during the ten (10)