Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 307

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1C
Chunk 307
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 companies.

As
of December 31, 2024, the Company had not commenced any operations. All activity for the period from February 21, 2024 (inception)
through December 31, 2024 relates to the Company’s formation, the Initial Public Offering (as defined below), and subsequent to
the Initial Public Offering, identifying a target company for a Business Combination. The Company will not generate any operating revenues
until after the completion of its initial Business Combination, at the earliest. The Company generates non-operating income in the form
of interest income on investments from the proceeds derived from the Initial Public Offering. The Company has selected December 31
as its fiscal year end.

The
Company’s sponsor is Lionheart Sponsor, LLC (the “Sponsor”).

The Registration Statement on Form S-1 for the
Initial Public Offering, initially filed with the Securities and Exchange Commission (the “SEC”) on May 28, 2024,
as amended (File No. 333-279751), was declared effective on June 17, 2024 (the “IPO Registration Statement”). On
June 20, 2024, the Company consummated the initial public offering of 23,000,000 units of the Company at $10.00 per unit (the “Units”),
which included the full exercise by the underwriters of their over-allotment option (the “Over-Allotment Option”) in the amount
of 3,000,000 units of the Company (“Option Units”) at $10.00 per Option Unit, which is discussed in Note 3 (the “Initial
Public Offering”), and the sale of an aggregate of 6,000,000 warrants (the “Private Placement Warrants”) to the Sponsor
and Cantor Fitzgerald & Co., the representative of the underwriters of the Initial Public Offering (“Cantor”), at
a price of $1.00 per Private Placement Warrant, or $6,000,000 in the aggregate, in a private placement that closed simultaneously with
the Initial Public Offering (the “Private Placement”). Each Unit consists of one Class A ordinary share, par value $0.0001
per share, of the Company (the “Class A Ordinary Shares” and with respect to the Class A Ordinary Shares included in the Units,
the “Public Shares”) and one-half of one redeemable warrant of the Company (the “Public Warrants” and together