Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 1215

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 10
Chunk 1215
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10.00 per Option Unit.

The
underwriters were entitled to a cash underwriting discount of $4,000,000 (2.0% of the gross proceeds of the Units offered in the Initial
Public Offering, excluding any proceeds from Units sold pursuant to the Over-Allotment Option), paid at the closing of the Initial Public
Offering. Additionally, the underwriters are entitled to a deferred underwriting discount of 4.0% of the gross proceeds of the Initial
Public Offering held in the Trust Account, other than those sold pursuant to the Over-Allotment Option and 6.0% of the gross proceeds
sold pursuant to the Over-Allotment Option, amounting to $9,800,000 in the aggregate upon the completion of the Company’s initial
Business Combination subject to the terms of the underwriting agreement, dated June 17, 2024.

Deferred
Legal Fees

As
of December 31, 2024, the Company had a total of $175,000 of deferred legal fees to be paid to the Company’s legal advisors upon
consummation of the Business Combination, of which the Company paid $50,000 prior to the close of the Business Combination, and the remaining
$125,000 is included in the accompanying balance sheet as of December 31, 2024.

NOTE
7. SHAREHOLDERS’ DEFICIT

Preference
Shares

The
Company is authorized to issue a total of 5,000,000 preference shares at par value of $0.0001 each. As of December 31, 2024, there were
no preferred shares issued or outstanding.

Class A
Ordinary Shares

The
Company is authorized to issue a total of 500,000,000 Class A Ordinary Shares at par value of $0.0001 each. As of December 31, 2024,
there were no Class A Ordinary Shares issued or outstanding, excluding 23,000,000 Class A Ordinary Shares subject to possible redemption.

Class B
Ordinary Shares

The
Company is authorized to issue a total of 50,000,000 Class B Ordinary Shares at par value of $0.0001 each. As of December 31, 2024,
there were 7,666,667 Class B Ordinary Shares issued and outstanding.

The
Founder Shares will automatically convert into Class A Ordinary Shares concurrently with or immediately following the consummation