Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 350

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 2
Chunk 350
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 Executive Officer of Miami-based Lionheart Capital, founded in 2010, a Miami-based diversified
investment firm focused on building shareholder value in high-growth companies.

Mr. Sternberg
began his career assembling, acquiring and developing properties in emerging neighborhoods in New York City, which established his
reputation for identifying assets with unrealized potential and combining innovative partnerships with efficient financing structures
to realize above average returns. Mr. Sternberg came to the United States in 1993 after completing three years of military
service within an elite combat unit for the Israeli Defense Forces.

Under
Mr. Sternberg’s leadership, Lionheart Capital executed numerous prominent real estate transactions and repositions, including
The Ritz-Carlton Residences in Miami Beach, which resulted in a total sell-out value in excess of $550 million, as well
as the purchase of the development’s site, the former Miami Heart Institute. Additionally, Mr. Sternberg led the $120 million
sale of The Seagull Hotel, making it the highest grossing hotel sale of 2020 in Miami Beach. Mr. Sternberg and Lionheart Capital
are currently in development on a number of other projects, including retail properties in Miami’s fashion and culture epicenter,
The Design District. In addition to The Ritz-Carlton Residences, Miami Beach, Lionheart Capital also developed The Ritz-Carlton Residences
Singer Island, Palm Beach, cementing a reputation for developing high-end luxury branded properties.

In
2017, Mr. Sternberg founded Out of the Box Ventures, LLC, a Lionheart Capital subsidiary, to acquire and reposition distressed retail
properties throughout the United States. With properties in 10 states, Out of the Box Ventures currently controls over 5 million
square feet of big box stores, shopping centers and enclosed regional mall properties, with plans to improve and expand upon these acquisitions.

Mr. Sternberg
and Lionheart Capital are dedicated to working with best-in-class operators and partners such as Marriott International. Lionheart
Capital has been able to execute numerous, marquee transactions due largely in part to Mr. Sternberg’s extensive industry
relationships particularly with key institutional investors.

In
March 2020, Mr. Sternberg became Chairman of Nasdaq-listed OPES Acquisition Corp. (OPES),