[SCHEDULE 13G/A] Lionheart Holdings SEC Filing

Rhea-AI Filing Summary

MMCAP International Inc. SPC and MM Asset Management Inc. filed a Schedule 13G/A (Amendment No. 4) reporting beneficial ownership of 980,000 Class A ordinary shares of Lionheart Holdings (CUSIP G5501C109), equal to 4.26% of the class. The filing shows no sole voting or dispositive power; both reporting persons report shared voting and shared dispositive power of 980,000 shares. The statement references the event date 06/30/2025 and is signed on 08/12/2025.

The filing includes a certification that the shares were not acquired to change or influence control of the issuer, and notes ownership is within the "5 percent or less" category. Addresses for the filers in the Cayman Islands and Ontario are provided. No other transactions, increases above 5%, nor claims of control are stated.

Insights

Securities Analyst

TL;DR: Filers report a 4.26% passive stake in Lionheart with shared voting/dispositive power; no control intent declared.

The Schedule 13G/A (Amendment No. 4) discloses 980,000 Class A shares, representing 4.26% of the class, with all authority listed as shared rather than sole. The filing explicitly certifies the position was not taken to influence control, consistent with a passive investor filing under Rule 13d-1(b)/(c). Because the stake remains below 5%, this is a routine disclosure for an institutional holder and does not trigger takeover or control presumptions in the filing itself.

Corporate Governance Expert

TL;DR: Reporting entities disclose limited shared ownership and formally state no intent to alter issuer control.

The document identifies MMCAP International Inc. SPC and MM Asset Management Inc. as co-reporting entities with shared voting and dispositive power over the same 980,000 shares. The inclusion of the certification language reiterates that the position is not intended to change control. From a governance perspective, the filing provides transparency on ownership concentration but does not indicate governance influence or a change in board/control dynamics.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Lionheart Holdings

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G5501C109

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G5501C109

1

Names of Reporting Persons

MMCAP International Inc. SPC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 980,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 980,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

980,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.26 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. G5501C109

1

Names of Reporting Persons

MM Asset Management Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 980,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 980,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

980,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.26 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Lionheart Holdings
(b)	Address of issuer's principal executive offices: 4218 NE 2nd Avenue, Miami, FLORIDA 33137
Item 2.
(a)	Name of person filing: MMCAP International Inc. SPC MM Asset Management Inc.
(b)	Address or principal business office or, if none, residence: c/o Mourant Governance Services (Cayman) Limited 94 Solaris Avenue Camana Bay, P.O. Box 1348 Grand Cayman, KY1-1108, Cayman Islands 161 Bay Street, TD Canada Trust Tower, Suite 2240, Toronto, ON M5J 2S1 Canada
(c)	Citizenship: Cayman Islands Ontario, Canada
(d)	Title of class of securities: Class A ordinary shares, par value $0.0001 per share
(e)	CUSIP No.: G5501C109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 980,000
(b)	Percent of class: 4.26 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 980,000
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 980,000
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

MMCAP International Inc. SPC

Signature:	/s/ Ulla Vestergaard
Name/Title:	Director
Date:	08/12/2025

MM Asset Management Inc.

Signature:	/s/ Hillel Meltz
Name/Title:	President
Date:	08/12/2025

FAQ

Who filed the Schedule 13G/A for Lionheart Holdings (CUB)?

The filing was made by MMCAP International Inc. SPC and MM Asset Management Inc.

How many Lionheart Holdings Class A shares do the filers report owning?

The filers report beneficial ownership of 980,000 Class A ordinary shares.

What percentage of Lionheart Holdings does 980,000 shares represent?

980,000 shares represent 4.26% of the Class A ordinary shares reported in the filing.

Do the filers have sole voting or dispositive power over the shares?

No. The filing shows 0 shares with sole voting or dispositive power and 980,000 shares with shared voting and dispositive power.

Does the filing state any intent to change or influence control of Lionheart?

The filing includes a certification that the securities were not acquired and are not held to change or influence control of the issuer.

What are the key dates in the filing?

The event date listed is 06/30/2025 and the signatures are dated 08/12/2025.