Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 9

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 9
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 cash from the proceeds of our Initial Public
Offering and the Private Placement, the proceeds of the sale of our Ordinary Shares in connection with our initial Business Combination
(including pursuant to any forward purchase agreements or backstop agreements into which we may enter), shares issued to the owners of
the target, debt issued to bank or other lenders or the owners of the target, other securities issuances, or a combination of the foregoing.
We may seek to complete our initial Business Combination with a company or business that may be financially unstable or in its early
stages of development or growth, which would subject us to the numerous risks inherent in such companies and businesses.

If
our initial Business Combination is paid for using equity or debt securities, or not all of the funds released from the Trust Account
are used for payment of the consideration in connection with our initial Business Combination or used for redemptions of our Class A
Ordinary Shares, we may use the balance of the cash released to us from the Trust Account following the closing of the Business Combination
for general corporate purposes, including for maintenance or expansion of operations of the post-transaction company, the payment of
principal or interest due on indebtedness incurred in completing our initial Business Combination, to fund the purchase of other companies,
or for working capital.

5

We
may pursue an initial Business Combination in any business or industry. Our primary focus, however, is in completing a Business Combination
with an established business of scale poised for continued growth, led by a highly regarded management team. Although our Management
assesses the risks inherent in a particular target business with which we may combine, we cannot assure you that this assessment will
result in our identifying all risks that a target business may encounter. Furthermore, some of those risks may be outside of our control,
meaning that we can do nothing to control or reduce the chances that those risks will adversely affect a target business.

We
may seek to raise additional funds through a private offering of debt or equity securities in connection with the completion of our initial
Business Combination and we may effectuate our initial Business Combination using the proceeds of such offering rather than using the
amounts held in the Trust Account. In addition, we are targeting businesses with enterprise values that are greater than we could acquire
with the net proceeds of our Initial Public Offering and Private Placement, and, as a result, if the cash portion of the purchase price
exceeds the amount available from the Trust Account, net of amounts needed to satisfy any redemptions