Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 7

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 7
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 obligations to present such Business Combination opportunity to such other entity, subject to their fiduciary duties under
Cayman Islands law. Our Amended and Restated Charter provide that, to the fullest extent permitted by law: (i) no individual serving
as a director or an officer, among other persons, shall have any duty, except and to the extent expressly assumed by contract, to refrain
from engaging directly or indirectly in the same or similar business activities or lines of business as us, and (ii) we renounce
any interest or expectancy in, or in being offered an opportunity to participate in, any potential transaction or matter which (a) may
be a corporate opportunity for any director or officer, on the one hand, and us, on the other or (b) the presentation of which would
breach an existing legal obligation of a director or officer to any other entity. We do not believe, however, that the fiduciary duties
or contractual obligations of our officers or directors materially affect our ability to complete our initial Business Combination.

In
addition, our Sponsor and our officers and directors may sponsor or form other SPACs similar to ours or may pursue other business or
investment ventures during the period in which we are seeking an initial Business Combination. As a result, our Sponsor, officers and
directors could have conflicts of interest in determining whether to present Business Combination opportunities to us or to any other
SPAC with which they may become involved. Any such companies, businesses or investments may present additional conflicts of interest
in pursuing an initial Business Combination target. However, we do not believe that any such potential conflicts would materially affect
our ability to complete our initial Business Combination.

4

Status
as a Public Company

We
believe our structure makes us an attractive Business Combination partner to target businesses. As an existing public company, we offer
a target business an alternative to the traditional initial public offering through a merger or other Business Combination with us. In
a Business Combination transaction with us, the owners of the target business may, for example, exchange their shares of stock or shares
in the target business for our Class A Ordinary Shares (or shares of a new holding company) or for a combination of our Class A
Ordinary Shares and cash, allowing us to tailor the consideration to the specific needs of the sellers. We believe target businesses
will find this method a more expeditious and cost effective method to becoming a public company than the typical initial public