Company: CUB
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109274
Chunk: 19

Company: Lionheart Holdings
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 from earnings per Ordinary Share as the redemption value approximates fair value.

The following table reflects
the calculation of basic and diluted net income per Ordinary Share (in dollars, except per share amounts):

    For the Three Months Ended 
September 30,  
    For the Nine Months Ended 
September 30,  
    For the Period from February 21, 2024 (Inception) Through September 30 

    2025  
    2024  
    2025  
    2024 

    Class A  
    Class B  
    Class A  
    Class B  
    Class A  
    Class B  
    Class A  
    Class B 
  
    Basic and diluted net income per Ordinary Share: 

    Numerator: 

    Allocation of net income, as adjusted 
    $1,749,160  
    $583,053  
    $2,415,560  
    $805,187  
    $5,083,964  
    $1,694,655  
    $1,987,629  
    $1,340,336 
  
    Denominator: 

    Basic weighted average Ordinary Shares outstanding 
     23,000,000  
     7,666,667  
     23,000,000  
     7,666,667  
     23,000,000  
     7,666,667  
     10,567,568  
     7,666,667 
  
    Basic and diluted net income per Ordinary Share 
    $0.08  
    $0.08  
    $0.11  
    $0.11  
    $0.22  
    $0.22  
    $0.19  
    $0.19 

Concentration of Credit Risk

Financial instruments that
potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution and the cash held
in the Trust Account, which, at times may exceed the Federal Deposit Insurance Corporation coverage limit of $250,000. Any loss incurred
or a lack of access to such funds could have a significant adverse impact on the Company’s financial condition, results of operations,
and cash flows.

Warrant Instruments

The Company accounts for
the Warrants issued in connection with the Initial Public Offering and the Private