Company: CUB
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109274
Chunk: 34

Company: Lionheart Holdings
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 34
---
,453,394  
    $3,397,997  
    $3,638,827 

The CODM reviews interest
earned on the Trust Account to measure and monitor shareholder value and determine the most effective strategy of investment with the
Trust Account funds while maintaining compliance with the Investment Management Trust Agreement, dated June 17, 2024, which the Company
entered into with Continental, as trustee of the Trust Account.

General and administrative
expenses are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a Business
Combination or similar transaction within the Combination Period. The CODM also reviews general and administrative costs to manage, maintain
and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. General and administrative costs, as
reported on the accompanying unaudited condensed statements of operations, are the significant segment expenses provided to the CODM on
a regular basis. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary
of significant accounting policies.

NOTE 10. SUBSEQUENT EVENTS 

The Company evaluated subsequent
events and transactions that occurred after the balance sheet date up to the date that the accompanying unaudited condensed financial
statements were issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment
or disclosure in the accompanying unaudited condensed financial statements.

17

Item 2. Management’s Discussion and Analysis
of Financial Condition and Results of Operations.

Cautionary Note Regarding
Forward-Looking Statements

All
statements other than statements of historical fact included in this Report including, without limitation, statements under this Item
regarding our financial position, possible Business Combinations and the financing thereof, and related matters, and the plans and objectives
of Management for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act and Section
21E of the Exchange Act. When used in this Report, words such as “may,” “should,” “could,” “would,”
“anticipate,” “believe,” “estimate,” “expect,” “intend” and similar expressions,
as they relate to us or our Management, identify forward-looking statements. We have based these forward-looking statements on our Management’s
current expectations and projections about future events, as well as assumptions made by, and information currently available to our Management.
Actual results could differ materially from those contemplated by the forward