Company: CUB
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001213900-25-042278
Chunk: 7

Company: Lionheart Holdings
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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 Business Combination, (ii) the redemption of the Public Shares if the Company is unable to complete the initial Business
Combination by June 20, 2026, or by such earlier liquidation date as the Company’s board of directors may approve unless further
extended by shareholder approval (the “Combination Period”), subject to applicable law, or (iii) the redemption of the
Public Shares properly submitted in connection with a shareholder vote to amend the Company’s amended and restated memorandum and
articles of association (the “Amended and Restated Articles”) to (A) modify the substance or timing of the Company’s
obligation to allow redemptions in connection with the initial Business Combination or to redeem 100% of the Public Shares if the Company
has not consummated an initial Business Combination within the Combination Period or (B) with respect to any other material provisions
relating to shareholders’ rights or pre-initial Business Combination activity. The proceeds deposited in the Trust Account could
become subject to the claims of the Company’s creditors, if any, which could have priority over the claims of the holders of the
Public Shares (the “Public Shareholders”).

The Company will provide the
Public Shareholders with the opportunity to redeem all or a portion of their Public Shares upon the completion of the initial Business
Combination either (i) in connection with a general meeting called to approve the initial Business Combination or (ii) without
a shareholder vote by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a proposed initial
Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The Public Shareholders will be
entitled to redeem their Public Shares at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust
Account calculated as of two business days prior to the consummation of the initial Business Combination, including interest
earned on the funds held in the Trust Account (less taxes payable, if any), divided by the number of then outstanding Public Shares, subject
to certain limitations. The amount in the Trust Account was $10.38 per Public Share as of March 31, 2025 (before taxes payable, if any).

The Ordinary Shares (as defined
below) subject to redemption were recorded at a redemption value and classified as temporary equity upon the completion of the Initial
Public Offering, in accordance with Financial Accounting Standards Board (“