Company: CUB
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001213900-25-042278
Chunk: 82

Company: Lionheart Holdings
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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 factors in this Report. For
additional risks relating to our operations, other than as set forth below, see the section titled “Risk Factors” contained
in our (i) IPO Registration Statement and (ii) 2024 Annual Report. Any of these factors could result in a significant or material
adverse effect on our results of operations or financial condition. Additional risks could arise that may also affect our business or
ability to consummate an initial Business Combination. We may disclose changes to such risk factors or disclose additional risk factors
from time to time in our future filings with the SEC.

Changes in international trade policies,
tariffs and treaties affecting imports and exports may have a material adverse effect on our search for an initial Business Combination
target or the performance or business prospects of a post-Business Combination company.

There have recently been significant
changes to international trade policies and tariffs affecting imports and exports. Any significant increases in tariffs on goods or materials
or other changes in trade policy could negatively affect our search for a target and/or our ability to complete our initial Business Combination.

Recently, the U.S. has implemented
a range of new tariffs and increases to existing tariffs.  In response to the “tariffs announced by the U.S., other countries
have imposed, are considering imposing, and may in the future impose new or increased tariffs on certain exports from the United States.
There is currently significant uncertainty about the future relationship between the United States and other countries with respect to
trade policies, taxes, government regulations and tariffs. and we cannot predict whether, and to what extent, current tariffs will
continue or trade policies will change in the future.

Tariffs, or the threat of
tariffs or increased tariffs, could have a significant negative impact on certain businesses (either due to domestic businesses’
reliance on imported goods or dependence on access to foreign markets, or foreign businesses’ reliance on sales into the United
States). In addition, retaliatory tariffs could have a significant negative impact on foreign businesses that rely on imports from the
United States, and domestic businesses that rely on exporting goods internationally. These tariffs and threats of tariffs and other
potential trade policy changes could negatively affect the attractiveness of certain initial Business Combination targets, or lead to
material adverse effects on a post-Business Combination company. Among other things, historical financial performance of companies affected
by trade policies and/or tariffs may not provide useful guidance as to the future performance of such companies, because future financial
performance of those companies may be materially