Company: FORL
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045609
Chunk: 92

Company: Four Leaf Acquisition Corp
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 2
Chunk 92
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 stockholder is acting in
concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 15% of the shares sold in the IPO
(“Excess Shares”). However, the Company’s stockholders will not be restricted to vote all of their shares (including
Excess shares) for or against the initial business combination. Additionally, such stockholders will not receive redemption distributions
with respect to the Excess Shares if the Company completes the initial business combination.

The Company’s Sponsor,
officers and directors (collectively, the “Initial Stockholders”) have agreed not to propose any amendment to the Certificate
of Incorporation that would affect the Company’s public stockholders’ ability to convert or sell their shares to the Company
in connection with a business combination as described herein or affect the substance or timing of the Company’s obligation to redeem
100% of its Public Shares if the Company does not complete a business combination by June 22, 2025 unless the Company provides its public stockholders with the opportunity to convert their
shares of Class A common stock upon the approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount
then on deposit in the Trust Account, including interest not previously released to the Company but net of franchise and income taxes
payable up to the interest income from the Trust Account, divided by the number of then outstanding public shares.

Initial Extension of Period to Complete Initial
Business Combination

On March 19, 2024, the Company extended the
period of which it is able to consummate an initial business combination by a period of three months, or until June 22, 2024 (the
“Initial Extension”). In connection with the Initial Extension, the Company’s sponsor deposited an aggregate of $542,100
into the Company’s Trust Account, in return for a convertible note (the “Extension Note”), included in the convertible
note – related party balance as of March 31, 2025 (see Note 5). If the Company does not consummate a business combination, the Extension
Note will not be repaid and all amounts owed under the Extension Note will be forgiven except to the extent that there are funds available
to the Company outside of the Trust Account. The Initial Extension was the first of the two three-month Extensions permitted under the