Company: CUB
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074966
Chunk: 65

Company: Lionheart Holdings
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 three and six months ended June 30, 2025 and for three months ended June 30,
2024 and the period from February 21, 2024 (inception) through March 31, 2024. All accretions associated with the redeemable Class A
Ordinary Shares are excluded from earnings per share as the redemption value approximates fair value.

10

The following table reflects
the calculation of basic and diluted net income per Ordinary Share (in dollars, except per share amounts):

    For the Three Months Ended June 30,  
    For the Six Months Ended June 30,  
    For the Period from February 21, 2024 (Inception) Through June 30 

    2025  
    2024  
    2025  
    2024 

    Class A  
    Class B  
    Class A  
    Class B  
    Class A  
    Class B  
    Class A  
    Class B 
  
    Basic and diluted net income per ordinary share: 

    Numerator: 

    Allocation of net income, as adjusted 
    $1,685,781  
    $561,927  
    $35,452  
    $94,026  
    $3,334,804  
    $1,111,602  
    $22,283  
    $84,935 
  
    Denominator: 

    Basic weighted average ordinary shares outstanding 
     23,000,000  
     7,666,667  
     2,555,556  
     6,777,778  
     23,000,000  
     7,666,667  
     1,769,231  
     6,743,590 
  
    Basic and diluted net income per ordinary share 
    $0.07  
    $0.07  
    $0.01  
    $0.01  
    $0.14  
    $0.14  
    $0.01  
    $0.01 

Concentration of Credit Risk

Financial instruments that
potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution and the cash held
in the Trust Account, which, at times may exceed the Federal Deposit Insurance Corporation coverage limit of $250,000