Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 120

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1A
Chunk 120
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 the Private Placement Warrants Purchase Agreements, dated June 17, 2024,
which we entered into with the Sponsor and Cantor, respectively, we completed the private sale of an aggregate of 6,000,000 Private Placement
Warrants (to the Sponsor and Cantor, the representative of the underwriters in the Initial Public Offering, at a price of $1.00 per Private
Placement Warrant, or $6,000,000 in the aggregate. 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 Private Placement Warrant is exercisable to purchase
one Class A Ordinary Share at $11.50 per share. The Private Placement Warrants (and underlying securities) are identical to the Public
Warrants, except as otherwise disclosed in the IPO Registration Statement. No underwriting discounts or commissions were paid with respect
to such sale. The issuance of the Private Placement Warrants was made pursuant to the exemption from registration contained in Section
4(a)(2) of the Securities Act.

    (g)
    Use of Proceeds from the Initial Public Offering

For
a description of the use of proceeds generated in our Initial Public Offering and Private Placement, see Part II, Item 2 of our Quarterly
Report on Form 10-Q for the quarterly period ended June 30, 2024, as filed with the SEC on August 12, 2024. There has been no material
change in the planned use of proceeds from our Initial Public Offering and Private Placement as described in the IPO Registration Statement.
The specific investments in our Trust Account may change from time to time.

21

    (h)
    Purchases
    of Equity Securities by the Issuer and Affiliated Purchasers

There
were no such repurchases of our equity securities by us or an affiliate during the fourth quarter of the fiscal year covered by the Report.

Item
6. [Reserved]

Item
7. Management’s Discussion and Analysis of Financial Condition
and Results of Operations.  

Cautionary
Note Regarding Forward-Looking Statements

All
statements other than statements of historical fact included in this Report including, without limitation, statements under this Item
regarding our financial position, business strategy and the plans and objectives of Management for future operations, are forward-looking
statements. When used in this Report, words such as “antic