Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 115

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1A
Chunk 115
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 which could reduce the dollar amount our Public Shareholders would receive
    upon any redemption or our liquidation; and

    ●
    we may seek to extend the
    Combination Period, which could have a material adverse effect on the amount held in our Trust Account and other adverse effects
    on our Company. 

We may seek to extend the Combination Period,
which could reduce the amount held in our Trust Account and have adverse effects on our Company.

If we are unable to consummate
our Initial Business Combination on or before June 20, 2026, we may seek shareholder approval to extend the Combination Period by amending
our Amended and Restated Charter. In such event, our Public Shareholders will be provided the opportunity to have all or a portion of
their Public Shares redeemed. Any redemptions will reduce the amount held in our Trust Account, the effect of which may adversely affect
our ability to consummate our initial Business Combination and may also impair our ability to maintain our Nasdaq listing.

We anticipate that our securities will be
suspended from trading on Nasdaq and delisted if we do not consummate our initial Business Combination by June 17, 2027. Any trading suspension
or delisting could have a material adverse effect on the trading of our securities and may adversely affect our ability to consummate
an initial Business Combination.

Our IPO Registration Statement
was declared effective by the SEC on June 17, 2024 and our securities are currently listed on the Global Market tier of Nasdaq. Pursuant
to our Amended and Restated Charter, we have until June 20, 2026 to consummate our initial Business Combination. However, under the Nasdaq
Rules, if a SPAC does not meet the Nasdaq 36-Month Requirement, the SPAC will be subject to a suspension of trading and delisting from
Nasdaq.

Under the Nasdaq Rules, a
SPAC’s Nasdaq-listed securities will be immediately suspended from trading if the SPAC does not meet the Nasdaq 36-Month Requirement,
and Nasdaq will, at such point, commence delisting procedures. Although a SPAC can request a hearing before the hearing panel of Nasdaq
(the “Hearing Panel”), the scope of the Hearing Panel’s review is limited. If a SPAC completes a Business Combination
after receiving a delisting determination by the staff of the Listing Qualifications Department of Nasdaq (a “Staff Delisting Determination”)
and/or demonstrates