Company: CUB
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074966
Chunk: 80

Company: Lionheart Holdings
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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 total assets. When evaluating the Company’s performance
and making key decisions regarding resource allocation, the CODM reviews several key metrics included in net income and total assets,
which include the following:

    June 30, 2025  
    December 31, 2024 
  
    Trust Account 
    $241,260,237  
    $236,335,105 
  
    Cash 
    $569,362  
    $891,017 

    For the Three Months Ended June 30, 2025  
    For the Six Months Ended June 30, 2025  
    For the Three Months Ended June 30, 2024  
    For the  Period from

    February 21, 2024 (Inception) Through
June 30, 2024 
  
    General and administrative and formation costs 
    $230,165  
    $478,726  
    $111,352  
    $133,612 
  
    Interest earned or change in fair value on marketable
    securities held in Trust Account 
    $2,477,873  
    $4,925,132  
    $240,830  
    $240,830 

The CODM reviews interest
earned on the Trust Account to measure and monitor shareholder value and determine the most effective strategy of investment with the
Trust Account funds while maintaining compliance with the Investment Management Trust Agreement, dated June 17, 2024, which the Company
entered into with Continental, as trustee of the Trust Account.

General and administrative
expenses are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a Business
Combination or similar transaction within the Combination Period. The CODM also reviews general and administrative costs to manage, maintain
and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. General and administrative costs,
as reported on the accompanying unaudited condensed statements of operations, are the significant segment expenses provided to the CODM
on a regular basis. The accounting policies used to measure the profit and loss of the segment are the same as those described in the
summary of significant accounting policies.

NOTE 10. SUBSEQUENT EVENTS 

The Company evaluated subsequent
events and transactions that occurred after the balance sheet date up to the date that the accompanying unaudited condensed financial
statements were issued. Based upon this review, the Company did not identify any subsequent events that