Company: CUB
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074966
Chunk: 29

Company: Lionheart Holdings
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 respect to
a Warrant, the holder of such Warrant will not be entitled to exercise such Warrant and such Warrant may have no value and expire worthless.
In no event will the Company be required to net cash settle any Warrant. In the event that a registration statement is not effective
for the exercised Warrants, the purchaser of a unit containing such Warrant will have paid the full purchase price for the Unit solely
for the Public Share underlying such Unit.

Under the terms of the warrant
agreement, dated June 17, 2024, the Company entered into with Continental Stock Transfer & Trust Company (“Continental”),
as warrant agent of our Public Warrants (the “Warrant Agreement”), the Company has agreed that, as soon as practicable, but
in no event later than 20 business days, after the closing of its Business Combination, it will use its commercially reasonable
efforts to file with the SEC a post-effective amendment to the IPO Registration Statement or a new registration statement covering the
registration under the Securities Act of the Class A Ordinary Shares issuable upon exercise of the Warrants and thereafter
will use its commercially reasonable efforts to cause the same to become effective within 60 business days following the initial
Business Combination and to maintain a current prospectus relating to the Class A Ordinary Shares issuable upon exercise of the
Warrants until the expiration of the Warrants in accordance with the provisions of the Warrant Agreement. If a registration statement
covering the Class A Ordinary Shares issuable upon exercise of the Warrants is not effective by the sixtieth (60th) business day
after the closing of the initial Business Combination, warrant holders may, until such time as there is an effective registration statement
and during any period when the Company will have failed to maintain an effective registration statement, exercise Warrants on a “cashless
basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption. Notwithstanding the above, if the
Class A Ordinary Shares are at the time of any exercise of a warrant not listed on a national securities exchange such that they
satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at
its option, require holders of Public Warrants who exercise their Public Warrants to do so on a “cashless basis” in accordance
with Section 3(a)(9)