Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 1424

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 15
Chunk 1424
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31, 2024

Use
of Estimates

The
preparation of the financial statements in conformity with GAAP requires the Management to make estimates and assumptions that affect
the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement
and the reported amounts of revenues and expenses during the reporting period.

Making
estimates requires Management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of
a condition, situation or set of circumstances that existed at the date of the accompany financial statement, which Management considered
in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results
could differ significantly from those estimates.

Cash
and Cash Equivalents

The
Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents.
The Company has $891,017 in cash and does not have any cash equivalents as of December 31, 2024.

Marketable
Securities Held in Trust Account

The
Company’s portfolio of investments is comprised of cash and U.S. government securities, within the meaning set forth in Section
2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, or investments in money market funds that invest in U.S.
government securities and generally have a readily determinable fair value, or a combination thereof. When the Company’s investments
held in the Trust Account are comprised of U.S. government securities, the investments are classified as trading securities, which are
presented at fair value. Gains and losses resulting from the change in fair value of these securities are included in income from investments
held in the Trust Account in the accompanying statement of operations. The estimated fair values of investments held in the Trust Account
are determined using available market information. At December 31, 2024, the assets held in the Trust Account of $236,335,105 were held
in money market funds.

Offering
Costs

The
Company complies with the requirements of the FASB ASC Topic 340-10-S99, “Other Assets and Deferred Costs”, and SEC Staff
Accounting Bulletin Topic 5A,“Expenses of Offering.” Deferred offering costs consist principally of professional and registration
fees that are related to the Initial Public Offering. FASB ASC Topic 470-20, “Debt with Conversion and Other Options” (“