Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 675

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 6
Chunk 675
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 If the Company is unable to complete
the Business Combination within the Combination Period, the Company will, as promptly as reasonably possible, but not more than
ten business days thereafter, redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount
then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account (less taxes payable, if any, and
less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Public Shares, which redemption
will constitute full and complete payment for the Public Shares and completely extinguish Public Shareholders’ rights as shareholders
(including the right to receive further liquidation or other distributions, if any), subject to the Company’s obligations under
Cayman Islands law to provide for claims of creditors and subject to the other requirements of applicable law.

The
Sponsor, officers and directors have entered into the Letter Agreement, dated June 17, 2024, with the Company (the “Letter Agreement”),
pursuant to which they have agreed to (i) waive their redemption rights with respect to the Class B ordinary shares of the Company,
par value $0.0001 per share (the “Class B Ordinary Shares”, and together with the Class A Ordinary Shares, the “Ordinary
Shares”), initially purchased by the Sponsor in a private placement prior to the Initial Public Offering (“Founder Shares”)
and Public Shares in connection with the completion of the initial Business Combination; (ii) waive their redemption rights with
respect to their Founder Shares and Public Shares in connection with a shareholder vote to approve an amendment to the Amended and Restated
Charter; (iii) waive their rights to liquidating distributions from the Trust Account with respect to their Founder Shares if the
Company fails to complete the initial Business Combination within the Combination Period, although they will be entitled to liquidating
distributions from the Trust Account with respect to any Public Shares they hold if the Company fails to complete the initial Business
Combination within the Combination Period and to liquidating distributions from assets outside the Trust Account; and (iv) vote
any Founder Shares held by them and any Public Shares purchased during or after the Initial Public Offering (including in open market
and privately-negotiated transactions) in favor of the initial Business Combination (except that any Public Shares such parties may purchase
in compliance with the requirements of Rule 14e-5 under