Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 72

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 1
Chunk 72
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, the Sponsor purchased an aggregate of 3,449,500
Private Placement Warrants at a price of $1.00 per warrant, for an aggregate purchase price of $3,449,500.

On
March 17, 2023, the underwriters partially exercised their over-allotment option resulting in the Company issuing 127,400 Private
Placement Warrants, generating an additional $127,500 in gross proceeds.

Each
Private Placement Warrant entitles the holder to purchase one share of Class A common stock, subject to adjustment. The proceeds from
the Private Placement of the Private Placement Warrants funded the trust account, IPO issuance costs and the operations prior to the
business combination. If the Company does not complete an initial business combination within the Combination Period, the remaining proceeds,
after payments from the sale of the Private Placement Warrants, will be included in the liquidating distribution to the public stockholders
and the Private Placement Warrants will be worthless.

Working
Capital Loans

In
order to finance transaction costs in connection with a business combination, the Sponsor or an affiliate of the Sponsor, or certain
of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working
Capital Loans”). If the Company completes a business combination, the Company will repay the Working Capital Loans. Up to $2,000,000
of such loans may be converted into warrants, at a price of $1.00 per warrant at the option of the lender, upon consummation of the Company’s
initial business combination. In the event that a business combination does not close, the Company may use a portion of proceeds held
outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working
Capital Loans.

During
the three months ended June 30, 2025, the Company received from the Sponsor $565,000 in Working Capital Loans, of which $340,000 was
utilized for working capital needs and $225,000 was utilized to fund the Fourth 2025 Monthly Extension, Fifth 2025 Monthly Extension,
and Sixth 2025 Monthly Extension. During the six months ended June 30, 2025, the Company received from the Sponsor $921,000 in Working
Capital Loans, of which $471,000 was utilized for working capital needs, $450,000 was utilized to fund the First 2025 Monthly Extension,
Second 2025 Monthly