Company: CUB
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109274
Chunk: 28

Company: Lionheart Holdings
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 or as required by the Companies Act (As Revised) of the Cayman Islands, as may be amended from time to time, or stock exchange
rules, an ordinary resolution under Cayman Islands law and the Amended and Restated Articles, which requires the affirmative vote of at
least a majority of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by
proxy at the applicable general meeting of the Company is generally required to approve any matter voted on by the Company’s shareholders.
Approval of certain actions requires a special resolution under Cayman Islands law, which (except as specified below) requires the affirmative
vote of at least two-thirds of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed,
by proxy at the applicable general meeting (a “Special Resolution”), and pursuant to the Amended and Restated Articles, such
actions include amending the Amended and Restated Articles and approving a statutory merger or consolidation with another company. There
is no cumulative voting with respect to the appointment of directors, meaning, following the initial Business Combination, the holders
of more than 50% of the Ordinary Shares voted for the appointment of directors can elect all of the directors. Prior to the consummation
of the initial Business Combination, only holders of the Class B Ordinary Shares (i) have the right to vote on the appointment
and removal of directors and (ii) are entitled to vote on continuing the Company in a jurisdiction outside the Cayman Islands (including
any Special Resolution required to amend the constitutional documents or to adopt new constitutional documents, in each case, as a result
of the Company approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands). Holders of Class A Ordinary
Shares are not entitled to vote on these matters during such time. These provisions of the Amended and Restated Articles may only be amended
if approved by a Special Resolution passed by the affirmative vote of at least 90% (or, where such amendment is proposed in respect of
the consummation of the initial Business Combination, two-thirds) of the votes cast by such shareholders as, being entitled to do so,
vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the Company.

Warrants

At both September 30, 2025
and December 31, 2024, the Company had 11,500