Company: FORL
Filing Date: 2025-01-15
Form Type: 10-Q
Source: 0001829126-25-000187
Chunk: 24

Company: Four Leaf Acquisition Corp
Filing Date: 2025-01-15
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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,366,284

    54,210

    1,355,250

    Basic and diluted net income per share
     
    $
    0.07

    $
    0.07

    $
    0.07

A reconciliation of net income per share is as follows for the three months ended September 30, 2023:

    Class Asubject topossibleredemption

    Class APerm

    Class B

    Allocation of undistributable income
     
    $
    220,874

    $
    2,209

    $
    55,218

    Weighted average shares outstanding, basic and diluted

    5,421,000

    54,210

    1,355,250

    Basic and diluted net income per share
     
    $
    0.04

    $
    0.04

    $
    0.04

A reconciliation of net income per share is as follows for the nine months ended September 30, 2023:

    Class Asubject topossibleredemption

    Class APerm

    Class B

    Allocation of undistributable income
     
    $
    510,400

    $
    5,104

    $
    173,124

    Weighted average shares outstanding, basic and diluted

    3,950,762

    39,508

    1,340,071

    Basic and diluted net income per share
     
    $
    0.13

    $
    0.13

    $
    0.13

Marketable Securities Held in Trust Account

On September 30, 2024, the assets held in the Trust Account were substantially held in a treasury trust fund investing in U.S. Treasury Bills and U.S. Treasury Notes. These securities are presented on the unaudited condensed balance sheets at fair value at the end of each reporting period. Earnings on these securities are included in dividend and interest income in the accompanying unaudited condensed statements of operations and are automatically reinvested. The fair value for these securities is determined using quoted market prices in active markets.

Deferred Credit

During the year ended December 31, 2023, the Company received a $191,250 unconditional and non-refundable reimbursement for certain general and administrative expenses incurred by the Company from Xiaoyu Dida Interconnect International Limited, an