Lionheart Holdings
For the period ended Jun 30, 2024. Filed Aug 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 12, 2024
CUB$10.96+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Balance Sheet as of June 30, 2024 (Unaudited)
UNAUDITED CONDENSED BALANCE SHEET
| Assets: | |
|---|---|
| Current assets | |
| Cash | $1,178,492 |
| Prepaid expenses | 23,150 |
| Prepaid insurance | 262,500 |
| Total current assets | 1,464,142 |
| Marketable securities held in Trust Account | 230,240,830 |
| Total Assets | $231,704,972 |
| Liabilities and Shareholders’ Deficit: | |
| Accrued expenses | $12,149 |
| Accrued offering costs | 113,480 |
| Total Current Liabilities | 125,629 |
| Deferred legal fees | 110,000 |
| Deferred underwriting fee payable | 9,800,000 |
| Total Liabilities | 10,035,629 |
| Commitments and Contingencies (Note 6) | |
| Class A ordinary shares subject to possible redemption, 23,000,000 shares at redemption value of $10.01 per share | 230,240,830 |
| Shareholder’s Deficit | |
| Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding | — |
| Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; none issued or outstanding as of June 30, 2024 (excluding 23,000,000 shares subject to possible redemption as of June 30, 2024) | — |
| Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 7,666,667 shares issued and outstanding | 767 |
| Additional paid-in capital | — |
| Accumulated deficit | (8,572,254) |
| Total Shareholders’ Deficit | (8,571,487) |
| Total Liabilities and Shareholders’ Deficit | $231,704,972 |
CONDENSED STATEMENTS OF OPERATIONS
| For the Three Months Ended June 30, | For the Period from February 21, 2024 (Inception) Through June 30, | |
|---|---|---|
| 2024 | 2024 | |
| Operating and formation costs | $111,352 | $133,612 |
| Loss from operations | (111,352) | (133,612) |
| Other income: | ||
| Change in fair value | 240,830 | 240,830 |
| Net income | $129,478 | $107,218 |
| Weighted average shares outstanding of Class A ordinary shares | 2,555,556 | 1,769,231 |
| Basic and diluted net income per ordinary share, Class A ordinary shares | $0.01 | $0.01 |
| Weighted average shares outstanding of Class B ordinary shares | 6,777,778 | 6,743,590 |
| Basic and diluted net income per ordinary share, Class B ordinary shares | $0.01 | $0.01 |
CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (DEFICIT)
FOR THE THREE MONTHS ENDED JUNE 30, 2024 AND
FOR THE PERIOD FROM FEBRUARY 21, 2024 (INCEPTION) THROUGH JUNE 30, 2024
| Class A Ordinary Shares · Class B Ordinary Shares · Additional Paid-in · Accumulated · Total Shareholder’ Equity | |||||||
|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Capital | Deficit | (Deficit) | |
| Balance — February 21, 2024 | — | $— | — | $— | $— | $— | $— |
| Issuance of ordinary shares | — | — | 7,666,667 | 767 | 24,233 | — | 25,000 |
| Net loss | — | — | — | — | — | (22,260) | (22,260) |
| Balance – March 31, 2024 | — | $— | 7,666,667 | $767 | $24,233 | $(22,260) | $2,740 |
| Accretion for Class A ordinary shares to redemption amount | — | — | — | — | (6,438,488) | (8,679,472) | (15,117,960) |
| Sale of 6,000,000 Private Placement Warrants | — | — | — | — | 6,000,000 | — | 6,000,000 |
| Fair Value of Public Warrants at issuance | — | — | — | — | 460,000 | — | 460,000 |
| Allocated value of offering costs to public and private warrants | — | — | — | — | (45,745) | — | (45,745) |
| Net income | — | — | — | — | — | 129,478 | 129,478 |
| Balance – June 30, 2024 | — | $— | 7,666,667 | $767 | $— | $(8,572,254) | $(8,571,487) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.