Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 11

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 11
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’s fee, advisory fee, consulting fee or success fee for any services they render in order
to effectuate the completion of our initial Business Combination, which, if made prior to the completion of our initial Business Combination,
will be paid from funds held outside the Trust Account.

We
will engage a finder only to the extent our Management determines that the use of a finder may bring opportunities to us that may not
otherwise be available to us or if finders approach us on an unsolicited basis with a potential transaction that our Management determines
is in our best interest to pursue. Payment of a finder’s fee is customarily tied to completion of a transaction, in which case
any such fee will be paid out of the funds held in the Trust Account.

Lack
of Business Diversification

For
an indefinite period of time after the completion of our initial Business Combination, the prospects for our success may depend entirely
on the future performance of a single business. Unlike other entities that have the resources to complete Business Combinations with
multiple entities in one or several industries, it is probable that we will not have the resources to diversify our operations and mitigate
the risks of being in a single line of business. By completing our initial Business Combination with only a single entity, our lack of
diversification may:

●subject
                                            us to negative economic, competitive and regulatory developments, any or all of which may
                                            have a substantial adverse impact on the particular industry in which we operate after our
                                            initial Business Combination, and

●cause
                                            us to depend on the marketing and sale of a single product or limited number of products
                                            or services.

6

Limited
Ability to Evaluate the Target’s Management Team

Although we closely scrutinize
the management of a prospective target business when evaluating the desirability of effecting our initial Business Combination with that
business, our assessment of the target business’s management may not prove to be correct. In addition, the future management may
not have the necessary skills, qualifications or abilities to manage a public company. Furthermore, the future role of members of our
Management Team, if any, in the target business cannot presently be stated with any certainty. The determination as to whether any of
the members of our Management Team will remain with the combined company will be made in connection with our initial Business Combination.
While it is possible that one or more of our directors will remain associated in some capacity with us following our initial Business
Combination, it is unlikely that any of