Company: CUB
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074966
Chunk: 100

Company: Lionheart Holdings
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 2
Chunk 100
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Item 2. Management’s Discussion and
Analysis of Financial Condition and Results of Operations.

Cautionary Note Regarding Forward-Looking
Statements

All statements other than
statements of historical fact included in this Report including, without limitation, statements under this Item regarding our financial
position, business strategy and the plans and objectives of Management for future operations, are forward-looking statements. When used
in this Report, words such as “anticipate,” “believe,” “estimate,” “expect,” “intend”
and similar expressions, as they relate to us or our Management, identify forward-looking statements. Such forward-looking statements
are based on the beliefs of our Management, as well as assumptions made by, and information currently available to, our Management. Actual
results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in
our filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf
are qualified in their entirety by this paragraph.

The following discussion
and analysis of our financial condition and results of operations should be read in conjunction with the unaudited condensed financial
statements and the notes thereto included in this Report under Item 1. “Financial Statements”.

Overview

We are a blank check company
incorporated in the Cayman Islands on February 21, 2024 formed for the purpose of effecting a Business Combination. We intend to effectuate
our Business Combination using cash derived from the proceeds of the Initial Public Offering and the Private Placement, the proceeds
of the sale of our Ordinary Shares in connection with our initial Business Combination (pursuant to any forward purchase agreements or
backstop agreements into which we may enter), Ordinary 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 expect to continue to
incur significant costs in the pursuit of our acquisition plans. We cannot assure you that our plans to complete a Business Combination
will be successful.

In 2024, the SEC adopted
additional rules and regulations relating to SPACs. The 2024 SPAC Rules require, among other matters, (i) additional disclosures relating
to SPAC sponsors and related persons; (ii) additional disclosures relating to SPAC Business Combination transactions; (iii) additional
disclosures relating to dilution and to conflicts of interest involving sponsors and their affiliates in connection with proposed Business