Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 37

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 37
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 trading in our Class A Ordinary Shares to adhere to more stringent rules and possibly result
in a reduced level of trading activity in the secondary trading market for our securities;

●limited news and analyst coverage; and

●decreased ability to issue additional securities or obtain additional financing
in the future.

In addition, if our securities are delisted from Nasdaq, trading in
our securities, and offers and sales of our securities by us, may be subject to state securities regulation and additional compliance
costs.

19

The share price of the post-Business Combination
company may be less than the Redemption Price (as defined below) of our Public Shares. 

Each Unit sold in our Initial
Public Offering at an offering price of $10.00 per Unit consisted of one Public Share and one-half of one Public Warrant. Of the proceeds
we received from the Initial Public Offering and the Private Placement, $230,000,000 was placed in our Trust Account. We will provide
our Public Shareholders the opportunity to redeem all or a portion of their Public Shares in connection with the completion of our initial
Business Combination, and potentially upon the occurrence of certain other events prior to our initial Business Combination. We expect
that the pro rata redemption price in any redemption will be approximately $10.28 per Public Share as of December 31, 2024 (the “Redemption
Price”), representing a pro rata portion of our Trust Account without taking into account any interest or other income earned on
such funds (less any withdrawals from such interest or income for taxes paid), although the Redemption Price may be less in certain circumstances.
As a result, Public Shareholders who own our Public Shares on a redemption date can anticipate receiving the Redemption Price in connection
with a redemption for each Public Share that they choose to redeem.

There can be no assurance
that, after our initial Business Combination, our Public Shareholders would be able to sell their shares in the post-Business Combination
company for the Redemption Price, or any higher price. We have not, as yet, identified a target and are therefore unable to provide any
assurances as to its financial condition, business prospects or potential risks. It is therefore possible that the share price of the
post-Business Combination company may decline below the Redemption Price. In recent years, the share prices of many post-Business
Combination companies have fallen following a Business Combination. As a result, if our Public Shareholders continue to hold shares in
the post-Business