Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 376

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 2
Chunk 376
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 entity’s internal control
over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material
misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures
included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included
evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation
of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

/s/ WithumSmith+Brown, PC

We have served as the Company’s auditor since 2024.

New York, New York

March 21, 2025

PCAOB Number 100

F-2

LIONHEART
HOLDINGS

BALANCE
SHEET

DECEMBER
31, 2024

    Assets: 

    Current assets 

    Cash 
    $891,017 
  
    Prepaid expenses 
     10,034 
  
    Prepaid insurance 
     78,750 
  
    Total current assets 
     979,801 
  
    Long term prepaid insurance 
     91,875 
  
    Cash and marketable
    securities held in Trust Account 
     236,335,105 
  
    Total
    Assets 
    $237,406,781 

    Liabilities, Class A Ordinary
    Shares Subject To Possible Redemption and Shareholders’ Deficit: 

    Current liabilities 

    Accrued expenses 
    $5,000 
  
    Accrued offering costs 
     75,000 
  
    Total Current Liabilities 
     80,000 
  
    Deferred legal fees 
     125,000 
  
    Deferred underwriting
    fee payable 
     9,800,000 
  
    Total Liabilities 
     10,005,000 

    Commitments and Contingencies
    (Note 6) 

    Class A Ordinary Shares subject to possible redemption, 23,000,000 shares at redemption value of $10.28 per share 
     236,335,105 

    Shareholders’ Deficit 

    Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding 
     — 
  
    Class A Ordinary Shares, $0.000