Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 13

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 13
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 approval would require additional time and there is either not enough time to seek shareholder
approval or doing so would place us at a disadvantage in the transaction or result in other additional burdens on us; (ii) the expected
cost of holding a shareholder vote; (iii) the risk that our shareholders would fail to approve the proposed Business Combination;
(iv) other time and budget constraints of our Company; and (v) additional legal complexities of a proposed Business Combination
that would be time-consuming and burdensome to present to our shareholders.

Permitted
Purchases of Our Securities

If
we seek shareholder approval of our initial Business Combination and we do not conduct redemptions in connection with our initial Business
Combination pursuant to the tender offer rules, our Sponsor, directors, officers, advisors and their affiliates may purchase Public Shares
or Public Warrants in privately negotiated transactions or in the open market either prior to or following the completion of our initial
Business Combination, although they are under no obligation or duty to do so. Such a purchase may include a contractual acknowledgment
that such Public Shareholder, although still the record holder of our Public Shares is no longer the beneficial owner thereof and therefore
agrees not to exercise its redemption rights. In the event that our Sponsor, directors, officers, advisors and their affiliates purchase
Public Shares in privately negotiated transactions from Public Shareholders who have already elected to exercise their redemption rights,
such selling Public Shareholders would be required to revoke their prior elections to redeem their Public Shares. It is intended that,
if Rule 10b-18 would apply to purchases by Sponsor, directors, officers, advisors and their affiliates, then such purchases will comply
with Rule 10b-18 under the Exchange Act, to the extent it applies, which provides a safe harbor for purchases made under certain conditions,
including with respect to timing, pricing and volume of purchases.

7

Additionally,
at any time at or prior to our initial Business Combination, subject to applicable securities laws (including with respect to material
nonpublic information), our Sponsor, directors, officers, advisors and their affiliates may enter into transactions with investors and
others to provide them with incentives to acquire Public Shares, vote their Public Shares in favor of our initial Business Combination
or not redeem their Public Shares. However, they have no current commitments, plans or intentions to engage in such transactions and
have not formulated any terms or conditions for any such transactions. None of the funds in the Trust Account will be used to purchase
Public Shares or