Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 744

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 7
Chunk 744
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 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 (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 deferred
underwriting commissions and taxes payable, if any).

Transaction
costs amounted to $14,462,875 consisting of $4,000,000 of cash underwriting fee, $9,800,000 of deferred underwriting fee, and $662,875
of other offering costs.

The
Company’s Business Combination must be with one or more target businesses that together have a fair market value equal to at least
80% of the net balance in the Trust Account (as defined below) (excluding the amount of deferred underwriting discounts held and taxes
payable, if any, on the income earned on the Trust Account) at the time of the signing an agreement to enter into a Business Combination.
However