Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 959

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 9
Chunk 959
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A Ordinary Shares at par value of $0.0001 each. As of December 31, 2024,
there were no Class A Ordinary Shares issued or outstanding, excluding 23,000,000 Class A Ordinary Shares subject to possible redemption.

Class B
Ordinary Shares

The
Company is authorized to issue a total of 50,000,000 Class B Ordinary Shares at par value of $0.0001 each. As of December 31, 2024,
there were 7,666,667 Class B Ordinary Shares issued and outstanding.

The
Founder Shares will automatically convert into Class A Ordinary Shares concurrently with or immediately following the consummation
of the initial Business Combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment for share sub-divisions,
share capitalizations, reorganizations, recapitalizations and the like, and subject to further adjustment as provided herein. In the
case that additional Class A Ordinary Shares, or any other equity-linked securities, are issued or deemed issued in excess of the
amounts sold in the Initial Public Offering and related to or in connection with the closing of the initial Business Combination, the
ratio at which Class B Ordinary Shares convert into Class A Ordinary Shares will be adjusted (unless the holders of a majority
of the outstanding Class B Ordinary Shares agree to waive such adjustment with respect to any such issuance or deemed issuance)
so that the number of Class A Ordinary Shares issuable upon conversion of all Class B Ordinary Shares will equal, in the aggregate,
25% of the sum of (i) the total number of all Class A Ordinary Shares outstanding upon the completion of the Initial Public
Offering (including any Class A Ordinary Shares issued pursuant to the Over-Allotment Option and excluding the Class A Ordinary
Shares underlying the Private Placement Warrants), plus (ii) all Class A Ordinary Shares and equity-linked securities issued
or deemed issued, in connection with the closing of the initial Business Combination (excluding any shares or equity-linked securities
issued, or to be issued, to any seller in the initial Business Combination and any Private Placement Warrants-equivalent warrants issued
to our Sponsor or any of its affiliates or to our officers or directors upon conversion of any Working Capital Loans) minus (iii) any
redemptions of Public Shares by Public Shareholders in connection with an initial Business Combination; provided that such conversion
of Founder Shares will