Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 566

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 5
Chunk 566
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December 31, 2024.

Underwriting
Agreement

The
underwriters of the Initial Public Offering had a 45-day option from the date of the Initial Public Offering to purchase up to an additional 3,000,000 Option
Units to cover over-allotments, if any. On June 20, 2024, simultaneously with the closing of the Initial Public Offering, the Over-Allotment
Option was fully exercised to purchase the additional 3,000,000 Option Units at a price of $10.00 per Option Unit.

The
underwriters of the Initial Public Offering were entitled to a cash underwriting discount of $4,000,000 (2.0% of the gross proceeds
of the Units offered in the Initial Public Offering, excluding any proceeds from Units sold pursuant to the full exercises of the Over-Allotment
Option), paid at the closing of the Initial Public Offering. Additionally, the underwriters are entitled to a deferred underwriting discount
of 4.0% of the gross proceeds of the Initial Public Offering held in the Trust Account, other than those sold pursuant to the Over-Allotment
Option and 6.0% of the gross proceeds sold pursuant to the full exercise of the Over-Allotment Option, amounting to $9,800,000 in
the aggregate upon the completion of the initial Business Combination subject to the terms of the Underwriting Agreement, dated
June 17, 2024, we entered into with Cantor, as representative of the underwriters of the Initial Public Offering (the “Underwriting
Agreement”). This deferred fee will become payable to the underwriters of the Initial Public Offering solely in the event
that we complete a Business Combination, subject to the terms of the Underwriting Agreement. If we fail to consummate an initial Business
Combination within the Combination Period, such deferred fee will be included with the funds held in the Trust Account that will be available
to fund the redemption of our Public Shares upon the liquidation of the Trust Account.

Legal
Engagement Letter

Lionheart
Capital, an affiliate of our Sponsor, has engaged Wasserstrom to represent Lionheart Capital and its affiliated companies, as corporate
general counsel and otherwise in connection with any corporate and/or transactional matters. The engagement letter between Lionheart
Capital and Wasserstrom is for an indefinite period only subject to termination rights of either party, of which no termination has occurred
since the