Company: CUB
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109274
Chunk: 78

Company: Lionheart Holdings
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 78
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, excluding short form demands, that the Company
registers such securities. In addition, the holders have certain piggyback registration rights with respect to registration statements
filed subsequent to the completion of the initial Business Combination. The Company will bear the expenses incurred in connection with
the filing of any such registration statements.

Underwriting Agreement

The Underwriters 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 (the “Over-Allotment Option”). On June 20, 2024, simultaneously with the closing of the Initial Public Offering, the
Underwriters elected to fully exercise the Over-Allotment Option to purchase the additional 3,000,000 Option Units at a price of $10.00
per Option Unit.

The Underwriters 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 Over-Allotment Option), paid at the closing of the Initial Public Offering. Additionally,
the Underwriters are entitled to a deferred underwriting discount of (i) 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 (ii) 6.0% of the gross proceeds sold pursuant to
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, by and between the Company and Cantor (the “Deferred Fee”).

Deferred Legal Fees

As of September 30, 2025
and December 31, 2024, the Company incurred legal fees of $275,000 and $175,000, respectively, and $50,000 was paid on June 25, 2024.
The remaining balance of $225,000 and $125,000 as of September 30, 2025 and December 31, 2024, is recorded as deferred legal fees, which
are payable upon the consummation of the Business Combination.

 NOTE 7. SHAREHOLDERS’ DEFICIT

Preference Shares

The Company is authorized
to issue a total of 5