Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 22

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 22
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 materials or tender offer
documents, as applicable, that we will furnish to our Public Shareholders in connection with our initial Business Combination will indicate
whether we are requiring Public Shareholders to satisfy such delivery requirements. Accordingly, a Public Shareholder would have up to
two business days prior to the scheduled vote on the initial Business Combination if we distribute proxy materials, or from the time we
send out our tender offer materials until the close of the tender offer period, as applicable, to submit or tender its Public Shares if
it wishes to seek to exercise its redemption rights. In the event that a shareholder fails to comply with these or any other procedures
disclosed in the proxy or tender offer materials, as applicable, its Public Shares may not be redeemed. Given the relatively short exercise
period, it is advisable for Public Shareholders to use electronic delivery of their Public Shares.

There
is a nominal cost associated with the above-referenced process and the act of certificating the Public Shares or delivering them through
the DWAC system. The transfer agent will typically charge the broker submitting or tendering shares a fee of approximately $100.00 and
it would be up to the broker whether or not to pass this cost on to the redeeming holder. However, this fee would be incurred regardless
of whether or not we require holders seeking to exercise redemption rights to submit or tender their Public Shares. The need to deliver
Public Shares is a requirement of exercising redemption rights regardless of the timing of when such delivery must be effectuated.

Any
request to redeem such Public Shares, once made, may be withdrawn at any time up to the date set forth in the proxy materials or tender
offer documents, as applicable. Furthermore, if a holder of a Public Share delivered its certificate in connection with an election of
redemption rights and subsequently decides prior to the applicable date not to elect to exercise such rights, such holder may simply
request that the transfer agent return the certificate (physically or electronically). It is anticipated that the funds to be distributed
to our Public Shareholders electing to redeem their Public Shares will be distributed promptly after the completion of our initial Business
Combination.

If
our initial Business Combination is not approved or completed for any reason, then our Public Shareholders who elected to exercise their
redemption rights would not be entitled to redeem their Public Shares for the applicable pro rata share of the Trust Account. In such
case, we will promptly return any certificates delivered by Public Shareholders who elected to redeem their