Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 624

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 5
Chunk 624
---
96 
  
    Term (years) 
     6.53 
  
    Risk-free rate 
     4.25%
  
    Volatility 
     7.2%

NOTE 9.
SEGMENT INFORMATION

ASC
280 establishes standards for companies to report in their financial statement information about operating segments, products, services,
geographic areas, and major customers. “Operating segments” are defined as components of an enterprise that engage in business
activities from which it may recognize revenues and incur expenses, and for which separate financial information is available that is
regularly evaluated by a CODM, or group, in deciding how to allocate resources and assess performance.

The
Company’s CODM has been identified as the Chief Financial Officer, who reviews the assets, operating results, and financial metrics
for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, Management
has determined that there is only one reportable segment.

The CODM assesses performance for the single segment and decides how
to allocate resources based on net income that also is reported on the statement of operations as net income. The measure of segment assets
is reported on the balance sheet as total assets. When evaluating the Company’s performance and making key decisions regarding resource
allocation, the CODM reviews several key metrics included in net income and total assets, which include the following:

    FOR THE
PERIOD FROM FEBRUARY 21,
2024
 (INCEPTION)
    THROUGH
    DECEMBER 31,
2024 
  
    Trust
    Account 
    $236,335,105 
  
    Cash 
    $891,017 

    FOR THE
PERIOD FROM FEBRUARY 21,
2024
 (INCEPTION)
    THROUGH
    DECEMBER 31,
2024 
  
    General
    and administrative and formation costs 
    $495,449 
  
    Interest
    earned on marketable securities held in Trust Account 
    $6,335,105 

F-18

LIONHEART
HOLDINGS

NOTES
TO FINANCIAL STATEMENT

DECEMBER
31, 2024

The
CODM reviews interest earned on the Trust Account to measure and monitor shareholder value and determine the most effective strategy
of investment with the Trust Account funds while maintaining compliance with the Investment Management
Trust Agreement, dated June 17, 2024, which the Company entered into with Continental,
as trustee