Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 1248

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 11
Chunk 1248
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. government securities with a maturity of 185 days
or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act, which invest only
in direct U.S government securities, the holding of these assets in this form is intended to be temporary and for the sole purpose of
facilitating the intended Business Combination. To mitigate the risk that the Company might be deemed to be an investment company for
purposes of the Investment Company Act, which risk increases the longer that the Company holds investments in the Trust Account, the
Company may, at any time (based on the Management Team’s ongoing assessment of all factors related to the potential status under
the Investment Company Act), instruct the trustee to liquidate the investments held in the Trust Account and instead to hold the funds
in the Trust Account in cash or in an interest bearing demand deposit account at a bank. Except with respect to interest earned on the
funds held in the Trust Account that may be released to the Company to pay its taxes, if any, the proceeds from the Initial Public Offering
and the Private Placement will not be released from the Trust Account until the earliest of (i) the completion of the Company’s
initial Business Combination, (ii) the redemption of the Public Shares if the Company is unable to complete the initial Business
Combination by June 20, 2026, or by such earlier liquidation date as the Company’s board of directors may approve unless further
extended by shareholder approval (the “Combination Period”), subject to applicable law, or (iii) the redemption of the
Public Shares properly submitted in connection with a shareholder vote to amend the Company’s amended and restated memorandum and
articles of association (the “Amended and Restated Charter”) to (A) modify the substance or timing of the Company’s
obligation to allow redemptions in connection with the initial Business Combination or to redeem 100% of the Public Shares if the Company
has not consummated an initial Business Combination within the Combination Period or (B) with respect to any other material provisions
relating to shareholders’ rights or pre-initial Business Combination activity. The proceeds deposited in the Trust Account could
become subject to the claims of the Company’s creditors, if any, which could have priority over the claims of the holders of the
Public Shares (the “Public Shareholders”).

The Company will provide the Public Shareholders with the opportunity
to redeem all or a