Company: CUB
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001213900-25-042278
Chunk: 101

Company: Lionheart Holdings
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 2
Chunk 101
---
 costly, impractical
or risky to complete an initial Business Combination with a particular target or with a target in a particular industry or from a particular
country. Consequently, the pool of potential target companies may be reduced, which could impair our ability to identify a suitable target
and to complete an initial Business Combination.  If we complete an initial Business Combination with such a target, the post-Business
Combination company’s operations and financial results could be adversely affected as a result of tariffs or changes to trade
policies, which may cause the market value of the securities of the post-Business Combination company to decline.

23

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

Unregistered Sales
of Equity Securities

None.

Use of Proceeds

For
a description of the use of proceeds generated in our Initial Public Offering and Private Placement, see Part II, Item 2 of our Quarterly
Report on Form 10-Q for the quarterly period ended June 30, 2024, as filed with the SEC on August 12, 2024. There has been no material
change in the planned use of proceeds from our Initial Public Offering and Private Placement as described in the IPO Registration Statement.
The specific investments in our Trust Account may change from time to time.

Purchases of Equity
Securities by the Issuer and Affiliated Purchasers

None.

Item 3. Defaults Upon Senior Securities. 

None.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

Trading Arrangements

During the quarterly period
ended March 31, 2025, none of our directors or officers (as defined in Rule 16a-1(f) promulgated under the Exchange Act) adopted
or terminated any “Rule 10b5-1 trading arrangement” or any “non-Rule 10b5-1 trading arrangement,” as each term
is defined in Item 408(a) of Regulation S-K.

Additional Information

None.

24

Item 6. Exhibits. 

The following exhibits are
filed as part of, or incorporated by reference into, this Report.

    No.
     
    Description of Exhibit
  
    31.1
     
    Certification of the Principal Executive Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarban