Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 75

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 1
Chunk 75
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 of the Trust Agreement. As a result of the foregoing,
management concluded that the existing control structure failed and that a material weakness exists in our internal control over financial
reporting related to the review and approval of cash disbursements. As of June 30, 2025, a total of $117,610 of the funds had yet to
be replenished to the Company’s cash or trust accounts.

To
address this material weakness management has devoted, and plans to continue to devote, significant effort and resources to the remediation
and improvement of its internal control over financial reporting.

    ●
    The Company implemented
    additional controls related to vendor verification.

    ●
    The Company implemented
    additional reviews of each payment made by several authorized individuals.

    ●
    The Company is in the process
    of opening a separate bank account to segregate the funds that are restricted as to their use from those that can be utilized for
    working capital needs.

We
can offer no assurance that these initiatives will ultimately have the intended effects.

Changes
in Internal Control Over Financial Reporting

Other
than changes that have resulted from the material weakness remediation activities noted above, there has been no change in the internal
control over financial reporting, during the most recently completed fiscal quarter, that has materially affected, or is reasonably likely
to materially affect, the internal control over financial reporting.

39

PART
II-OTHER INFORMATION

Item
1. Legal Proceedings

None.

Item
1A. Risk Factors

As
a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide the information
required by this Item.

Item
2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item
3. Defaults Upon Senior Securities

None.

Item
4. Mine Safety Disclosures

Not
applicable.

Item
5. Other Information

None.

Item
6. Exhibits.  

    Exhibit
    Number
     
    Description
  
    10.1
     
    Promissory
    Note, dated August 21, 2025, issued to ALWA Sponsor, LLC.
  
    10.2*
     
    Promissory Note, dated August 21, 2025, issued to ALWA Sponsor, LLC.
  
    10.3*
     
    Promissory Note, dated August 21, 2025, issued to ALWA Sponsor, LLC