Company: CUB
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109274
Chunk: 60

Company: Lionheart Holdings
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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 amount of 3,000,000
units of the Company (“Option Units”) at $10.00 per Unit, which is discussed in Note 3 (the “Initial Public Offering”).
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 (each, a “Public Warrant”).

Simultaneously with the closing
of the Initial Public Offering, the Company consummated the sale of an aggregate of 6,000,000 warrants of the Company (the “Private
Placement Warrants”, and together with the Public Warrants, the “Warrants”) to the Sponsor and Cantor Fitzgerald &
Co. (“Cantor”), the representative of the several underwriters of the Initial Public Offering (the “Underwriters”),
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”). 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 the Deferred Fee (as defined in Note 6) 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 Fee, and $662,875 of other offering costs.

The 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 the Deferred Fee and taxes payable, if any, on the income earned on the Trust Account)
at the time of the signing an agreement to enter into