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

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 30
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 a time that is disadvantageous to you;

●we may amend the terms of the Public Warrants in a manner that may be adverse to holders of Public Warrants with the approval by the
holders of at least a majority of the then outstanding Public Warrants;

●our competitors have advantages over us in seeking business combinations;

●we may be unable to obtain additional financing;

●our warrants may have an adverse effect on the market price of our common stock;

●we may issue additional equity and/or debt securities to complete our initial business combination;

●our Sponsor controls a substantial interest in us;

15

Risks Associated with Acquiring and Operating a Target Business
with its Primary Operation in the People’s Republic of China

We may also be subject to additional risks if we enter into a business
combination a target business based in or primarily operating in the People’s Republic of China (the “PRC”), including,
but not limited to, the following:

●The Chinese government may seek to exercise significant oversight and discretion over the conduct of our business and may intervene
in or influence our search for a target company or completion of our initial business combination at any time, which could result in a
material change in our operations and/or the value of our securities;

●Stockholders may experience difficulties in effecting service of legal process, enforcing foreign judgments, or bringing actions in
the PRC against us or our management based on laws of jurisdictions other than the PRC;

●We will not conduct an initial business combination with any target company that conducts operations through a variable interest entity
(“VIE”), which may limit the pool of acquisition candidates we may acquire in the PRC and make it more difficult and costly
for us to consummate a business combination with a target business operating in the PRC;

●The Regulations on Mergers and Acquisitions of Domestic Companies by Foreign Investors (the “M&A Rules”) and certain
other PRC regulations establish complex procedures for certain acquisitions of Chinese companies by foreign investors, which could make
it more difficult for us to pursue a business combination with a PRC-based business;

●Changes in the policies, regulations, rules, and the enforcement of laws of the PRC government may be quick with little advance notice
and could have a significant impact upon our ability to operate profitably in the PRC;

●The PRC’s economic, political and social conditions, as well as sudden or unexpected changes in any government policies, laws
and regulations, could have a material adverse effect on our business or