Company: CUB
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109274
Chunk: 7

Company: Lionheart Holdings
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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or geographic region for purposes of consummating a Business Combination. The Company is an early-stage and emerging growth company and,
as such, the Company is subject to all of the risks associated with early-stage and emerging growth companies. As of September 30, 2025,
the Company had not entered into a definitive agreement with any specific Business Combination target.

The Company’s sponsor
is Lionheart Sponsor, LLC (the “Sponsor”).

As of September 30, 2025,
the Company had not commenced any operations. All activity for the period from February 21, 2024 (inception) through September 30,
2025 relates to the Company’s formation, the Initial Public Offering (as defined below), and subsequent to the Initial Public Offering,
identifying and evaluating prospective acquisition candidates and activities in connection with the Business Combination.. The Company
will not generate any operating revenue until after the completion of its initial Business Combination, at the earliest. The Company generates
non-operating income in the form of dividend income on investments from the proceeds derived from the Initial Public Offering. The Company
has selected December 31 as its fiscal year end.

The Registration Statement
on Form S-1 for the Initial Public Offering, initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on
May 28, 2024 (File No. 333-279751), was declared effective on June 17, 2024 (as amended, the “IPO Registration Statement”).
On June 20, 2024, the Company consummated the initial public offering of 23,000,000 units of the Company at $10.00 per unit (the
“Units”), which included the full exercise of the Over-Allotment Option (as defined in Note 6) in the amount of 3,000,000
units of the Company (“Option Units”) at $10.00 per Unit, which is discussed in Note 3 (the “Initial Public Offering”).
Each Unit consists of one Class A ordinary share, par value $0.0001 per share, of the Company (the “Class A Ordinary Shares”
and with respect to the Class A Ordinary Shares included in the Units, the “Public Shares”) and one-half of one redeemable
warrant of the Company (each, a “Public Warrant”).

Simultaneously with the closing
of the Initial Public Offering, the Company consummated the sale