Company: CUB
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074966
Chunk: 75

Company: Lionheart Holdings
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 75
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 Shares
(i) have the right to vote on the appointment and removal of directors and (ii) are entitled to vote on continuing the Company
in a jurisdiction outside the Cayman Islands (including any Special Resolution required to amend the constitutional documents or to adopt
new constitutional documents, in each case, as a result of our approving a transfer by way of continuation in a jurisdiction outside
the Cayman Islands). Holders of Class A Ordinary Shares are not entitled to vote on these matters during such time. These provisions
of the Amended and Restated Articles may only be amended if approved by a Special Resolution passed by the affirmative vote of at least
90% (or, where such amendment is proposed in respect of the consummation of the initial Business Combination, two-thirds) of the votes
cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general
meeting of the Company.

15

Warrants

At both June 30, 2025 and
December 31, 204, the Company had 11,500,000 Public Warrants and 6,000,000 Private Placement Warrants outstanding. Each whole Warrant
entitles the holder to purchase one Class A Ordinary Share at a price of $11.50 per share, subject to adjustment as discussed herein.
The Warrants cannot be exercised until 30 days after the completion of the initial Business Combination, and will expire at 5:00 p.m.,
New York City time, five years after the completion of the initial Business Combination or earlier upon redemption or liquidation.

The Company will not be
obligated to deliver any Class A Ordinary Shares pursuant to the exercise of a Warrant and will have no obligation to settle such
Warrant exercise unless a registration statement under the Securities Act with respect to the Class A Ordinary Shares underlying
the Warrants is then effective and a prospectus relating thereto is current. No Warrant will be exercisable and the Company will not
be obligated to issue a Class A Ordinary Share upon exercise of a Warrant unless the Class A Ordinary Share issuable upon such
Warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered
holder of the Warrants. In the event that the conditions in the two immediately preceding sentences are not satisfied with respect to
a Warrant, the holder of such Warrant