Quarterly ResultMay 14, 2026, 05:03 PM
Lionheart Holdings Q1 Net Income $1.93M; Going Concern Warning
AI Summary
Lionheart Holdings reported a net income of $1.93 million for the three months ended March 31, 2026, a decrease from $2.20 million in the prior year. Basic and diluted net income per Class A and Class B Ordinary Share was $0.06, down from $0.07. The company, a blank check entity, also disclosed a "going concern" warning due to the uncertainty of completing a business combination by the June 20, 2026 deadline, which could lead to mandatory liquidation.
Key Highlights
- Net income for Q1 2026 was $1,934,340, down from $2,198,698 in Q1 2025.
- Basic and diluted EPS was $0.06, down from $0.07 in Q1 2025.
- Cash and marketable securities in Trust Account reached $248,336,123.
- Total Liabilities increased to $10,202,780 as of March 31, 2026.
- Shareholders' Deficit widened to $(10,047,729) from $(9,807,928).
- Company issued a "going concern" warning due to Business Combination deadline.
- Trust Account held $10.79 per Public Share as of March 31, 2026.