Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 249

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1B
Chunk 249
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 United States, the United Kingdom, the European Union, Israel and its neighboring states and other
countries have created global security concerns that could have a lasting impact on regional and global economies. Although the length
and impact of the ongoing conflicts are highly unpredictable, they could lead to market disruptions, including significant volatility
in commodity prices, credit and capital markets, as well as supply chain interruptions and increased cyber-attacks against U.S. companies.
Additionally, any resulting sanctions could adversely affect the global economy and financial markets and lead to instability and lack
of liquidity in capital markets.

Any
of the above mentioned factors, or any other negative impact on the global economy, capital markets or other geopolitical conditions
resulting from the Russian invasion of Ukraine, the escalation of the Israel-Hamas conflict and subsequent sanctions or related actions,
could adversely affect the Company’s search for an initial Business Combination and any target business with which the Company
may ultimately consummate an initial Business Combination.

Registration
Rights

The
holders of the (i) Founder Shares, (ii) Private Placement Warrants and (iii)  warrants that may be issued upon conversion
of Working Capital Loans (and in each case holders of their underlying securities, as applicable)
have registration rights to require the Company to register a sale of any of the Company’s securities held by them and any
other securities of the Company acquired by them prior to the consummation of the initial Business Combination pursuant to a registration
rights agreement, dated June 17, 2024. The holders of these securities are entitled to make up to three demands, 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.

F-14

LIONHEART
                                            HOLDINGS

NOTES
TO FINANCIAL STATEMENT

DECEMBER
31, 2024

Underwriters
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. On June 20, 2024, simultaneously
with the closing of the Initial Public Offering, the underwriter elected to fully exercise the Over-Allotment Option to purchase the additional
3,000,