Lionheart Holdings
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 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 September 30, 2024 (Unaudited)
UNAUDITED CONDENSED BALANCE SHEET
| Assets: | |
|---|---|
| Current assets | |
| Cash | $1,000,526 |
| Prepaid expenses | 38,018 |
| Prepaid insurance | 216,563 |
| Total current assets | 1,255,107 |
| Marketable securities held in Trust Account | 233,638,827 |
| Total Assets | $234,893,934 |
| Liabilities, Class A Ordinary Shares Subject To Possible Redemption and Shareholders’ Deficit: | |
| Current liabilities | |
| Accrued expenses | $8,844 |
| Accrued offering costs | 75,000 |
| Total Current Liabilities | 83,844 |
| Deferred legal fees | 120,000 |
| Deferred underwriting fee payable | 9,800,000 |
| Total Liabilities | 10,003,844 |
| Commitments and Contingencies (Note 6) | |
| Class A ordinary shares subject to possible redemption, 23,000,000 shares at redemption value of $10.16 per share | 233,638,827 |
| Shareholders’ 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 September 30, 2024 (excluding 23,000,000 shares subject to possible redemption as of September 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 | (8,749,504) |
| Total Shareholders’ Deficit | (8,748,737) |
| Total Liabilities, Class A Ordinary Shares Subject To Possible Redemption and Shareholders’ Deficit | $234,893,934 |
CONDENSED STATEMENTS OF OPERATIONS
| For the Three Months Ended September 30, | For the Period from February 21, 2024 (Inception) Through September 30, | |
|---|---|---|
| 2024 | 2024 | |
| General and administrative and formation costs | $177,250 | $310,862 |
| Loss from operations | (177,250) | (310,862) |
| Other income: | ||
| Interest earned on marketable securities held in Trust Account | 3,397,997 | 3,638,827 |
| Net income | $3,220,747 | $3,327,965 |
| Weighted average shares outstanding of Class A ordinary shares | 23,000,000 | 10,567,568 |
| Basic and diluted net income per ordinary share, Class A ordinary shares | $0.11 | $0.19 |
| Weighted average shares outstanding of Class B ordinary shares | 7,666,667 | 7,666,667 |
| Basic and diluted net income per ordinary share, Class B ordinary shares | $0.11 | $0.19 |
CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (DEFICIT)
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2024 AND
FOR THE PERIOD FROM FEBRUARY 21, 2024 (INCEPTION) THROUGH SEPTEMBER 30, 2024
| Class A Ordinary Shares · Class B Ordinary Shares · Additional Paid-in · Accumulated · Total Shareholders’ Equity | |||||||
|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Capital | Deficit | (Deficit) | |
| Balance — February 21, 2024 (inception) | — | $— | — | $— | $— | $— | $— |
| 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) |
| Accretion for Class A ordinary shares to redemption amount | — | — | — | — | — | (3,397,997) | (3,397,997) |
| Net income | — | — | — | — | — | 3,220,747 | 3,220,747 |
| Balance – September 30, 2024 | — | $— | 7,666,667 | $767 | $— | $(8,749,504) | $(8,748,737) |
CONDENSED STATEMENT OF CASH FLOWS
FOR THE PERIOD FROM FEBRUARY 21, 2024 (INCEPTION) THROUGH SEPTEMBER 30, 2024
| Cash Flows from Operating Activities: | |
|---|---|
| Net income | $3,327,965 |
| Adjustments to reconcile net income to net cash used in operating activities: | |
| Payment of formation costs through promissory note | 5,000 |
| Interest earned on marketable securities held in Trust Account | (3,638,827) |
| Changes in operating assets and liabilities: | |
| Prepaid expenses | (38,018) |
| Prepaid insurance | (216,563) |
| Deferred legal fee payable | 20,000 |
| Accrued expenses | 8,844 |
| Net cash used in operating activities | (531,599) |
| Cash Flows from Investing Activities: | |
| Investment of cash into Trust Account | (230,000,000) |
| Net cash used in investing activities | (230,000,000) |
| Cash Flows from Financing Activities: | |
| Proceeds from issuance of Class B ordinary shares to Sponsor | 25,000 |
| Proceeds from sale of Units, net of underwriting discounts paid | 226,000,000 |
| Proceeds from sale of Private Placements Warrants | 6,000,000 |
| Proceeds from promissory note - related party | 175,000 |
| Repayment of promissory note - related party | (180,000) |
| Payment of offering costs | (487,875) |
| Net cash provided by financing activities | 231,532,125 |
| Net Change in Cash | 1,000,526 |
| Cash – Beginning of period | — |
| Cash – End of period | $1,000,526 |
| Non-Cash investing and financing activities: | |
| Offering costs included in accrued offering costs | $75,000 |
| Deferred underwriting fee payable | $9,800,000 |
| Deferred legal fee payable | $120,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.