Company: FORL
Filing Date: 2025-01-15
Form Type: 10-Q
Source: 0001829126-25-000187
Chunk: 17

Company: Four Leaf Acquisition Corp
Filing Date: 2025-01-15
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 the Merger Agreement) having the effect of prohibiting or preventing the consummation of the Closing shall be in effect and shall have become final and non-appealable; provided, however, that the right to terminate this shall not be available to a party if such Order was due to such party’s breach of or failure to perform any of its representations, warranties, covenants or agreements set forth in the Merger Agreement;

(v) by either the Company or Xiaoyu Dida if the CSRC Filing Notice has not been obtained by the Outside Date;

(vi) by either Company or Xiaoyu Dida if Company stockholder approval shall not have been obtained by reason of the failure to obtain the required vote upon a vote held at the special meeting or any adjournment or postponement thereof; or

(vii) by the Company if Xiaoyu Dida shareholder approval shall not have been obtained by reason of the failure to obtain the required vote at the general meeting duly convened therefor or at any adjournment or postponement thereof.

If the Merger Agreement is validly terminated, none of the parties to the Merger Agreement will have any liability or further obligation under the Merger Agreement.

Going Concern Consideration

The $125,986
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 2024 Charter Amendment Proposals discussed above, the Company has until January 22, 2025 (or
June 22, 2025 if the additional extensions are afforded to the Company under the terms of the Extension), to complete an
initial business combination, subject to the Company making the required Trust Account deposits. If an initial business combination
is not consummated by January 22, 2025 (or June 22, 2025 if the additional extensions are afforded to the Company under
the terms of the 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