Company: CUB
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001213900-25-042278
Chunk: 23

Company: Lionheart Holdings
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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1 each. As of March 31, 2025 and December 31, 2024,
there were no Class A Ordinary Shares issued or outstanding, excluding 23,000,000 Class A Ordinary Shares subject to possible redemption.

Class B Ordinary Shares

The Company is authorized
to issue a total of 50,000,000 Class B Ordinary Shares at par value of $0.0001 each. As of March 31, 2025 and December 31, 2024,
there were 7,666,667 Class B Ordinary Shares issued and outstanding.

The Founder Shares will automatically
convert into Class A Ordinary Shares concurrently with or immediately following the consummation of the initial Business Combination
or earlier at the option of the holder on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations,
recapitalizations and the like, and subject to further adjustment as provided herein. In the case that additional Class A Ordinary
Shares, or any other equity-linked securities, are issued or deemed issued in excess of the amounts sold in the Initial Public Offering
and related to or in connection with the closing of the initial Business Combination, the ratio at which Class B Ordinary Shares
convert into Class A Ordinary Shares will be adjusted (unless the holders of a majority of the outstanding Class B Ordinary
Shares agree to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of Class A Ordinary
Shares issuable upon conversion of all Class B Ordinary Shares will equal, in the aggregate, 25% of the sum of (i) the total
number of all Class A Ordinary Shares outstanding upon the completion of the Initial Public Offering (including any Class A
Ordinary Shares issued pursuant to the Over-Allotment Option and excluding the Class A Ordinary Shares underlying the Private Placement
Warrants), plus (ii) all Class A Ordinary Shares and equity-linked securities issued or deemed issued, in connection with the
closing of the initial Business Combination (excluding any shares or equity-linked securities issued, or to be issued, to any seller in
the initial Business Combination and any Private Placement Warrants-equivalent warrants issued to our Sponsor or any of its affiliates
or to our officers or directors upon conversion of any Working Capital Loans) minus (iii) any redemptions of Public Shares by Public
Shareholders in connection with an initial Business Combination; provided that such