Company: CUB
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109274
Chunk: 33

Company: Lionheart Holdings
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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arrants:

    June 20, 2024 
  
    Market price of Public Warrants 
    $9.96 
  
    Term (years) 
     6.53 
  
    Risk-free rate 
     4.25%
  
    Volatility 
     7.2%

NOTE 9. SEGMENT INFORMATION

ASC 280 establishes standards
for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major
customers. “Operating segments” are defined as components of an enterprise that engage in business activities from which it
may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by a
CODM, or group, in deciding how to allocate resources and assess performance.

The Company’s CODM
has been identified as the Chief Financial Officer, who reviews the assets, operating results, and financial metrics for the Company as
a whole to make decisions about allocating resources and assessing financial performance. Accordingly, Management has determined that
there is only one reportable segment.

16

The CODM assesses performance
for the single segment and decides how to allocate resources based on net income that also is reported on the accompanying unaudited condensed
statements of operations as net income. The measure of segment assets is reported on the accompanying condensed balance sheets as total
assets. When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several
key metrics included in net income and total assets, which include the following:

    September 30, 2025  
    December 31, 2024 
  
    Trust Account 
    $243,788,499  
    $236,335,105 
  
    Cash 
    $336,455  
    $891,017 

    For the Three Months Ended
    September 30, 2025  
    For the Nine Months Ended
    September 30, 2025  
    For the Three Months Ended
    September 30, 2024  
    For the Period from February 21, 2024 (Inception) Through September 30, 2024 
  
    Operating and formation costs 
    $196,049  
    $674,775  
    $177,250  
    $310,862 
  
    Interest earned or change in fair value on marketable securities held in Trust Account 
    $2,528,262  
    $7