Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 12

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 12
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 them will devote their full efforts to our affairs subsequent to our initial Business Combination.
Moreover, we cannot assure you that members of our Management Team will have significant experience or knowledge relating to the operations
of the particular target business.

We cannot assure you that
any of our key personnel will remain in senior management or advisory positions with the combined company. The determination as to whether
any of our key personnel will remain with the combined company will be made in connection with our initial Business Combination.

Following
a Business Combination, we may seek to recruit additional managers to supplement the incumbent management of the target business. We
cannot assure you that we will have the ability to recruit additional managers, or that additional managers will have the requisite skills,
knowledge or experience necessary to enhance the incumbent management.

Shareholders
May Not Have the Ability to Approve Our Initial Business Combination

We
may conduct redemptions without a shareholder vote pursuant to the tender offer rules of the SEC, subject to the provisions of our Amended
and Restated Charter. However, we will seek shareholder approval if it is required by law or applicable stock exchange rule, or we may
decide to seek shareholder approval for business or other reasons.

Under
the Nasdaq Rules, shareholder approval would be required for our initial Business Combination if, for example:

●we
                                            issue Ordinary Shares that will be equal to or in excess of 20% of the number of our Ordinary
                                            Shares then outstanding (other than in a public offering);

    ●
    any of
our directors, officers or substantial shareholders (as defined by the Nasdaq Rules) has a 5% or greater interest earned on the Trust
Account (or such persons collectively have a 10% or greater interest), directly or indirectly, in the target business or assets to be
acquired or otherwise and the present or potential issuance of Ordinary Shares could result in an increase in outstanding Ordinary Shares
or voting power of 5% or more; or

●the
                                            issuance or potential issuance of Ordinary Shares will result in our undergoing a change
                                            of control.

The
decision as to whether we will seek shareholder approval of a proposed Business Combination in those instances in which shareholder approval
is not required by applicable law or stock exchange listing requirements will be made by us, solely in our discretion, and will be based
on business and legal reasons, which include a variety of factors, including, but not limited to: (i) the timing of the transaction,
including in the event we determine shareholder