Company: CUB
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074966
Chunk: 0

Company: Lionheart Holdings
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Interim Financial Statements.

LIONHEART HOLDINGS

CONDENSED BALANCE SHEETS

    June 30,  
    December 31, 

    2025  
    2024 

    (Unaudited)  

    Assets: 

    Current assets 

    Cash 
    $569,362  
    $891,017 
  
    Prepaid expenses 
     43,975  
     10,034 
  
    Prepaid insurance 
     78,750  
     78,750 
  
    Total current assets 
     692,087  
     979,801 
  
    Long-term prepaid insurance 
     52,500  
     91,875 
  
    Cash and marketable securities held in Trust Account 
     241,260,237  
     236,335,105 
  
    Total Assets 
    $242,004,824  
    $237,406,781 

    Liabilities, Class A Ordinary Shares Subject To Possible Redemption and Shareholders’ Deficit: 

    Current liabilities 

    Accrued expenses 
    $81,637  
    $5,000 
  
    Accrued offering costs 
     75,000  
     75,000 
  
    Total Current Liabilities 
     156,637  
     80,000 
  
    Deferred legal fees 
     200,000  
     125,000 
  
    Deferred underwriting fee payable 
     9,800,000  
     9,800,000 
  
    Total Liabilities 
     10,156,637  
     10,005,000 

    Commitments and Contingencies (Note 6) 

    Class A Ordinary Shares subject to possible redemption, 23,000,000 shares at redemption value of $10.49 and $10.28 per share as of June 30, 2025 and December 31, 2024, respectively 
     241,260,237  
     236,335,105 

    Shareholders’ Deficit 

    Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding as of June 30, 2025 and December 31, 2024 
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