Company: CUB
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109274
Chunk: 120

Company: Lionheart Holdings
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 120
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 of the unaudited condensed financial statements and notes thereto included in this Report under Item 1. “Financial Statements”
in conformity with GAAP requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities,
income and expenses, and the disclosure of contingent assets and liabilities, in our unaudited condensed financial statements. These accounting
estimates require the use of assumptions about matters, some of which are highly uncertain at the time of estimation. Management bases
its estimates on historical experience and on various other assumptions it believes to be reasonable under the circumstances, the results
of which form the basis for making judgments, and we evaluate these estimates on an ongoing basis. To the extent actual experience differs
from the assumptions used, our unaudited condensed financial statements and notes thereto included in this Report under Item 1. “Financial
Statements” could be materially affected. We believe that the following accounting policies involve a higher degree of judgment
and complexity. As of September 30, 2025, we did not have any critical accounting estimates to be disclosed.

Class A Ordinary
Shares Subject to Possible Redemption

We
account for the Class A Ordinary Shares subject to possible redemption in accordance with the guidance in FASB ASC Topic 480, “Distinguishing
Liabilities from Equity”. Class A Ordinary Shares subject to mandatory redemption (if any) are classified as liability instruments
and measured at fair value. Conditionally redeemable Class A Ordinary Shares (including Class A Ordinary Shares that feature redemption
rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within
our control) are classified as temporary equity. At all other times, Class A Ordinary Shares are classified as shareholders’ equity.
All of the Public Shares feature certain redemption rights that are considered to be outside of our control and subject to the occurrence
of uncertain future events. Accordingly, Class A Ordinary Shares subject to possible redemption are presented at redemption value as temporary
equity, outside of the shareholders’ equity section of our unaudited condensed balance sheets included in this Report under Item
1. “Financial Statements”.

Net Income (Loss)
Per Ordinary Share

We
comply with the accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” Net income (loss) per
Ordinary Share is computed by dividing net income (loss) applicable to shareholders by the weighted average number of Ordinary Shares
outstanding for the applicable periods. We apply the two-class