Company: CUB
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109274
Chunk: 0

Company: Lionheart Holdings
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Financial Statements.

LIONHEART HOLDINGS

CONDENSED BALANCE SHEETS

    September 30,  
    December 31, 

    2025  
    2024 

    (Unaudited)  

    Assets: 

    Current assets 

    Cash 
    $336,455  
    $891,017 
  
    Prepaid expenses 
     29,488  
     10,034 
  
    Prepaid insurance 
     98,438  
     78,750 
  
    Total current assets 
     464,381  
     979,801 
  
    Long-term prepaid insurance 
     —  
     91,875 
  
    Cash and marketable securities held in Trust Account 
     243,788,499  
     236,335,105 
  
    Total Assets 
    $244,252,880  
    $237,406,781 

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

    Current liabilities 

    Accrued expenses 
    $47,480  
    $5,000 
  
    Accrued offering costs 
     —  
     75,000 
  
    Total Current Liabilities 
     47,480  
     80,000 
  
    Deferred legal fees 
     225,000  
     125,000 
  
    Deferred Fee payable 
     9,800,000  
     9,800,000 
  
    Total Liabilities 
     10,072,480  
     10,005,000 

    Commitments and Contingencies (Note 6) 

    Class A Ordinary Shares subject to possible redemption, 23,000,000 shares at redemption value of $10.59 and $10.28 per share as of September 30, 2025 and December 31, 2024, respectively 
     243,788,499  
     236,335,105 

    Shareholders’ Deficit 

    Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding as of September 30, 2025 and December 31, 2024 
     —  
     — 
  
    Class A Ordinary Shares, $