Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 17

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 17
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of Conducting Redemptions

We
will provide our Public Shareholders with the opportunity to redeem, regardless of whether they abstain, vote for, or against, our initial
Business Combination, all or a portion of their Public Shares upon the completion of our initial Business Combination either (i) in connection
with a general meeting called to approve the Business Combination or (ii) without a shareholder vote by means of a tender offer. The
decision as to whether we will seek shareholder approval of a proposed Business Combination or conduct a tender offer will be made by
us, solely in our discretion, and will be based on a variety of factors such as the timing of the transaction and whether the terms of
the transaction would require us to seek shareholder approval under applicable law or stock exchange listing requirement or whether we
were deemed to be a foreign private issuer (which would require a tender offer rather than seeking shareholder approval under SEC rules).
Asset acquisitions and share purchases would not typically require shareholder approval, while direct mergers with our Company (other
than with a 90% subsidiary of ours) and any transactions where we issue more than 20% of our issued and outstanding Ordinary Shares or
seek to amend our Amended and Restated Charter, would require shareholder approval. So long as we obtain and maintain a listing for our
securities on Nasdaq, we will be required to comply with shareholder approval requirements under the Nasdaq Rules.

9

The requirement that we provide
our Public Shareholders with the opportunity to redeem their Public Shares by one of the two methods listed above are contained in provisions
of our Amended and Restated Charter and will apply whether or not we maintain our registration under the Exchange Act or our listing on
Nasdaq. Such provisions may be amended if approved by a Special Resolution.

If
we provide our Public Shareholders with the opportunity to redeem their Public Shares in connection with a general meeting, we will,
pursuant to our Amended and Restated Charter:

●conduct
                                            the redemptions in conjunction with a proxy solicitation pursuant to Regulation 14A of the
                                            Exchange Act, which regulates the solicitation of proxies, and not pursuant to the tender
                                            offer rules, and

●file
                                            proxy materials with the SEC.

In
the event that we seek shareholder approval of our initial Business Combination, we will distribute proxy materials and, in connection
therewith, provide our Public Shareholders with the redemption rights described above upon completion of the initial Business Combination.

If