Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 6

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 6
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’s securities from Nasdaq. Accordingly, unless the Company timely requests an appeal of this determination,
the Company’s securities will be delisted from The Nasdaq Capital Market, trading of the Company’s Common Stock will be suspended
and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing
and registration on The Nasdaq Stock Market.

On April 21, 2025, the
Company received another notice from Nasdaq, which notified the Company that its failure to pay certain fees required by Listing Rule
5250(f) serves an additional basis for delisting the Company’s securities from Nasdaq unless the Company appeals this determination.

The Company fully intends to timely appeal such determinations pursuant
to the procedures set forth in the Nasdaq Listing Rule 5800 Series to stay the suspension of the Company’s securities and the filing
of the Form 25-NSE pending the Panel’s decision.

Our Leadership

Executive Team

With recognized operating capabilities developed at leading large-scale
global technology companies, as well as entrepreneurial insight and expertise, we believe our management team’s diverse and complementary
backgrounds can have a transformative impact on a target business.

We believe our management team is distinctly positioned to identify
and evaluate business in the IoT space, as a result of their experience leading global technology companies, with strengths in corporate
strategy and transactions, public company operations and applying innovative technologies to enable business growth and industry transformations.
We believe their combined experience uniquely qualifies us to offer target company stakeholders a differentiated approach to accelerating
growth in key global markets, extending the management team, enhancing operating efficiency and operating successfully as a public company.
Notwithstanding our management team’s and their respective affiliates’ past experiences, past performance is not a guarantee
(i) that we will be able to identify a suitable candidate for our initial business combination; or (ii) that we will provide an attractive
return to our stockholders from any business combination we may consummate.

On December 15, 2024, our former Director and Chief Executive Officer
(“CEO”) Mr. Angel Orrantia died unexpectedly. The Board of Directors (“Board”) held a meeting on December 17,
2024, in response to this tragic event to ensure the required and necessary governance and business processes continue without adversely
impacting the Company’s strategic direction. The Board appointed Mr. Bala Padmakumar as interim CEO until Four Leaf appoints a permanent
new CEO.

3

Bala Padmakumar, Chairman