Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 20

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 20
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 we intend to require a Public Shareholder seeking redemption of its Public Shares to also submit a written request for redemption
to our transfer agent two business days prior to the scheduled vote in which the name of the beneficial owner of such shares is included.
The proxy materials or tender offer documents, as applicable, that we will furnish to our Public Shareholders in connection with our
initial Business Combination will indicate whether we are requiring Public Shareholders to satisfy such delivery requirements. We believe
that this will allow our transfer agent to efficiently process any redemptions without the need for further communication or action from
the redeeming Public Shareholders, which could delay redemptions and result in additional administrative cost. If the proposed initial
Business Combination is not approved and we continue to search for a target company, we will promptly return any certificates or shares
delivered by Public Shareholders who elected to redeem their Public Shares.

Our
proposed initial Business Combination may impose a minimum cash requirement for (i) cash consideration to be paid to the target or its
owners, (ii) cash for working capital or other general corporate purposes or (iii) the retention of cash to satisfy other conditions.
In the event the aggregate cash consideration we would be required to pay for all Public Shares that are validly submitted for redemption
plus any amount required to satisfy cash conditions pursuant to the terms of the proposed initial Business Combination exceed the aggregate
amount of cash available to us, we will not complete the initial Business Combination or redeem any Public Shares, and all Public Shares
submitted for redemption will be returned to the holders thereof. We may, however, raise funds through the issuance of equity or equity-linked
securities or through loans, advances or other indebtedness in connection with our initial Business Combination, including pursuant to
any forward purchase agreements or backstop arrangements into which we may enter, in order to, among other reasons, satisfy such net
tangible assets or minimum cash requirements.

Limitation
on Redemption Upon Completion of Our Initial Business Combination If We Seek Shareholder Approval

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 Amended and Restated Charter provides that a Public Shareholder, together with any
affiliate of such Public Shareholder or any other person with whom such Public Shareholder is acting in concert or as a “group”
(as defined under Section 13 of the Exchange Act), will be restricted from redeeming its Public Shares