Company: CUB
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001213900-25-042278
Chunk: 122

Company: Lionheart Holdings
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 4
Chunk 122
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. tariffs or foreign retaliatory tariffs, or other changes to trade
policies. The business prospects of a particular target for a Business Combination could change even after we enter into a Business Combination
agreement, as a result of tariffs or the threat of tariffs that may have a material impact on that target’s business, and it may be costly
or impractical for us to terminate that Business Combination agreement.  These factors could affect our selection of a Business Combination
target.  

We may not be able to adequately
address the risks presented by these tariffs or other potential trade policy changes. As a result, we may deem it costly, impractical
or risky to complete an initial Business Combination with a particular target or with a target in a particular industry or from a particular
country. Consequently, the pool of potential target companies may be reduced, which could impair our ability to identify a suitable target
and to complete an initial Business Combination.  If we complete an initial Business Combination with such a target, the post-Business
Combination company’s operations and financial results could be adversely affected as a result of tariffs or changes to trade
policies, which may cause the market value of the securities of the post-Business Combination company to decline.

23

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

Unregistered Sales
of Equity Securities

None.

Use of Proceeds

For
a description of the use of proceeds generated in our Initial Public Offering and Private Placement, see Part II, Item 2 of our Quarterly
Report on Form 10-Q for the quarterly period ended June 30, 2024, as filed with the SEC on August 12, 2024. There has been no material
change in the planned use of proceeds from our Initial Public Offering and Private Placement as described in the IPO Registration Statement.
The specific investments in our Trust Account may change from time to time.

Purchases of Equity
Securities by the Issuer and Affiliated Purchasers

None.

Item 3. Defaults Upon Senior Securities. 

None.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

Trading Arrangements

During the quarterly period
ended March 31, 2025, none of our directors or officers (as defined in Rule 16a-1(f) promulgated under the Exchange Act) adopted
or terminated any “Rule 10b5-1 trading arrangement” or any “non-Rule