Company: CUB
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001213900-25-042278
Chunk: 5

Company: Lionheart Holdings
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 S-1 for the Initial Public Offering, initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on
May 28, 2024, as amended (File No. 333-279751), was declared effective on June 17, 2024 (the “IPO Registration Statement”).
On June 20, 2024, the Company consummated the initial public offering of 23,000,000 units of the Company at $10.00 per unit (the
“Units”), which included the full exercise by the underwriters of their over-allotment option (the “Over-Allotment Option”)
in the amount of 3,000,000 units of the Company (“Option Units”) at $10.00 per Option Unit, which is discussed in Note 3
(the “Initial Public Offering”), and the sale of an aggregate of 6,000,000 warrants of the Company (the “Private Placement
Warrants”) to the Sponsor and Cantor Fitzgerald & Co., the representative of the underwriters of the Initial Public Offering
(“Cantor”), at a price of $1.00 per Private Placement Warrant, or $6,000,000 in the aggregate, in a private placement that
closed simultaneously with the Initial Public Offering (the “Private Placement”). Each Unit consists of one Class A ordinary
share, par value $0.0001 per share, of the Company (the “Class A Ordinary Shares” and with respect to the Class A Ordinary
Shares included in the Units, the “Public Shares”) and one-half of one redeemable warrant of the Company (the “Public
Warrants” and together with the Private Placement Warrants, the “Warrants”). Of those 6,000,000 Private Placement Warrants,
the Sponsor purchased 4,000,000 Private Placement Warrants and Cantor purchased 2,000,000 Private Placement Warrants. Each whole warrant
entitles the holder to purchase one Class A Ordinary Share at a price of $11.50 per share. The Company’s management (“Management”)
has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the Private Placement,
although substantially all of the net proceeds are intended to be generally applied toward consummating a Business Combination (less the Deferred Discount (as defined in Note 6) and taxes payable, if any).

Transaction costs amounted
to $14,