Company: CUB
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074966
Chunk: 67

Company: Lionheart Holdings
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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 specific expense categories in the notes to the financial statements on an interim and annual basis. ASU 2024-03 is effective for
fiscal years beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, with early adoption permitted.
The Company is currently evaluating the impact of adopting ASU 2024-03. 

Management does not believe
that any other recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the accompanying
condensed financial statements.

NOTE 3. PUBLIC OFFERING

Pursuant to the Initial
Public Offering, the Company sold 23,000,000 Units, which included the full exercise of the Over-Allotment Option in the amount
of 3,000,000 Option Units, at a purchase price of $10.00 per Option Unit. Each Unit consists of one Public Share, and one-half of one
Public Warrant. Each whole Public Warrant entitles the holder to purchase one Class A Ordinary Share at a price of $11.50 per share,
subject to adjustment. No fractional Public Warrants will be issued upon separation of the Units and only whole Public Warrants trade.
Each Public Warrant becomes exercisable 30 days after the completion of the initial Business Combination and will expire five years
after the completion of the initial Business Combination, or earlier upon redemption or liquidation.

11

NOTE 4. PRIVATE PLACEMENT

Simultaneously with the
Initial Public Offering, the Sponsor and Cantor purchased an aggregate of 6,000,000 Private Placement Warrants at $11.50 per share,
at a price of $1.00 per Private Placement Warrant, or $6,000,000 in the aggregate. Of those 6,000,000 Private Placement Warrants, the
Sponsor purchased 4,000,000 Private Placement Warrants and Cantor purchased 2,000,000 Private Placement Warrants. Each whole Private
Placement warrant entitles the registered holder to purchase one Class A Ordinary Share at a price of $11.50 per share, subject
to adjustment.

The Private Placement Warrants
are identical to the Public Warrants sold in the Initial Public Offering, except that, so long as they are held by the Sponsor, Cantor
or their permitted transferees, the Private Placement Warrants (i) may not (including the Class A Ordinary Shares