Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 79

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 79
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 Public Offering. The Company has selected December 31
as its fiscal year end.

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

The Registration Statement on Form S-1 for the
Initial Public Offering, initially filed with the Securities and Exchange Commission (the “SEC”) on May 28, 2024,
as amended (File No. 333-279751), was declared effective on June 17, 2024 (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 by the underwriters of their over-allotment option (the “Over-Allotment Option”) in the amount
of 3,000,000 units of the Company (“Option Units”) at $10.00 per Option Unit, which is discussed in Note 3 (the “Initial
Public Offering”), and the sale of an aggregate of 6,000,000 warrants (the “Private Placement Warrants”) to the Sponsor
and Cantor Fitzgerald & Co., the representative of the underwriters of the Initial Public Offering (“Cantor”), at
a price of $1.00 per Private Placement Warrant, or $6,000,000 in the aggregate, in a private placement that closed simultaneously with
the Initial Public Offering (the “Private Placement”). 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 (the “Public Warrants” and together
with the Private Placement Warrants, the “Warrants”). Of those 6,000,000 Private Placement Warrants, the Sponsor purchased
4,000,000 Private Placement Warrants and Cantor purchased 2,000,000 Private Placement Warrants. Each whole warrant entitles the holder
to purchase one Class A Ordinary Share at a price of $11.50 per share. The Company’s management (“Management”)
has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the Private Placement,
although substantially all of the net proceeds are intended to be generally applied toward consum