Company: CUB
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109274
Chunk: 83

Company: Lionheart Holdings
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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Class A Ordinary Shares equal to the quotient obtained by dividing (x) the product of the number of Class A Ordinary Shares
underlying the Public Warrants, multiplied by the excess of the Fair Market Value (as defined below) of the Class A Ordinary Shares
over the exercise price of the Public Warrants by (y) the average reported closing price of the Class A Ordinary Shares for
the 10 trading days ending on the third trading day prior to the date on which the notice of exercise is received
by the warrant agent or on which the notice of redemption is sent to the holders of Public Warrants, as applicable (the “Fair Market
Value”).

Redemption of Warrants When the Price per Class A
Ordinary Share Equals or Exceeds $18.00

The Company may redeem the
outstanding Warrants:

●in
whole and not in part;

●at
a price of $0.01 per Warrant;

●upon
a minimum of 30 days’ prior written notice of redemption; and

●if,
and only if, the closing price of the Class A Ordinary Shares equals or exceeds $18.00 per share (as adjusted for adjustments to
the number of Class A Ordinary Shares issuable upon exercise or the exercise price of a Warrant) for any 20 trading days within
a 30-trading day period commencing at least 30 days after completion of the initial Business Combination and ending three business days
before the Company sends the notice of redemption to the warrant holders.

Additionally, if the number
of outstanding Class A Ordinary Shares is increased by a share capitalization payable in Class A Ordinary Shares, or by a subdivision of
Ordinary Shares or other similar event, then, on the effective date of such share capitalization, subdivision or similar event, the
number of Class A Ordinary Shares issuable on exercise of each Warrant will be increased in proportion to such increase in the outstanding
Ordinary Shares. A rights offering made to all or substantially all holders of Ordinary Shares entitling holders to purchase Class A
Ordinary Shares at a price less than the Fair Market Value will be deemed a share capitalization of a number of Class A Ordinary
Shares equal to the product of (i) the number of Class A Ordinary Shares actually sold in such rights offering (or issuable
under any other equity