Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 101

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 101
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 Ordinary Shares is increased by a share capitalization payable in Class A Ordinary Shares,
or by a sub-division of Ordinary Shares or other similar event, then, on the effective date of such share capitalization, sub-division or
similar event, the number of Class A Ordinary Shares issuable on exercise of each Warrant will be increased in proportion to such
increase in the outstanding Ordinary Shares. A rights offering made to all or substantially all holders of Ordinary Shares entitling
holders to purchase Class A Ordinary Shares at a price less than the Fair Market Value will be deemed a share capitalization of
a number of Class A Ordinary Shares equal to the product of (i) the number of Class A Ordinary Shares actually sold in
such rights offering (or issuable under any other equity securities sold in such rights offering that are convertible into or exercisable
for Class A Ordinary Shares) and (ii) the quotient of (x) the price per Class A Ordinary Share paid in such rights
offering and (y) the fair market value. For these purposes, (i) if the rights offering is for securities convertible into or
exercisable for Class A Ordinary Shares, in determining the price payable for Class A Ordinary Shares, there will be taken
into account any consideration received for such rights, as well as any additional amount payable upon exercise or conversion and (ii) fair
market value means the volume weighted average price of Class A Ordinary Shares as reported during the ten (10) trading day
period ending on the trading day prior to the first date on which the Class A Ordinary Shares trade on the applicable
exchange or in the applicable market, regular way, without the right to receive such rights.

NOTE 8 — FAIR
VALUE MEASUREMENT

The
fair value of the Company’s financial assets and liabilities reflects Management’s estimate of amounts that the Company would
have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction
between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company
seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable
inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is
used to classify assets and liabilities based on