Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 24

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 the Company’s securities from Nasdaq unless the Company appeals
this determination. The Company subsequently issued payment for the fees outstanding with Nasdaq.

On May 21, 2025, FORL, along with the relevant parties, presented its plan to regain compliance with the Panel at the appeal hearing.
On June 6, 2025, the Nasdaq Hearings Panel notified FORL that it granted FORL’s request for continued listing on Nasdaq. Specifically,
FORL now has 180 days from the date of the delisting notice, or until October 3, 2025, to complete its initial business combination.

Going
Concern Consideration

The
$9,804 held outside of the Trust Account will not be sufficient to allow the Company to operate for at least the next 12 months from
the issuance of these unaudited condensed financial statements, assuming that a business combination is not consummated during that time.
Giving effect to the 2025 Charter Amendment Proposals discussed above, the Company has until September 22, 2025 to complete an initial
business combination (or June 22, 2026 if the additional extensions are afforded to the Company under the terms of the 2025 Extension),
subject to the Company making the required Trust Account deposits. If an initial business combination is not consummated by September
22, 2025 (or June 22, 2026 if the additional extensions are afforded to the Company under the terms of the 2025 Extension), there will
be a mandatory liquidation and subsequent dissolution of the Company. The Company may need to raise additional capital through loans
or additional investments from its Sponsor, stockholders, officers, directors, or third parties. The Company’s officers, directors
and Sponsor may, but are not obligated to, loan the Company funds, from time to time or at any time, in whatever amount they deem reasonable
in their sole discretion, to meet the Company’s working capital needs and provide for the required monthly extension Trust Account
deposits. Accordingly, the Company may not be able to obtain additional financing. If the Company is unable to raise additional capital,
it may be required to take additional measures to conserve liquidity, which could include, but not necessarily be limited to, curtailing
operations, suspending the pursuit of a potential transaction, and reducing overhead expenses. The Company cannot provide any assurance
that new financing will be available to it on commercially acceptable terms, if at all.

12

The
Company believes that