Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 268

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1A
Chunk 268
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 not meet our general criteria and guidelines. If we are unable to complete our initial business combination,
our public stockholders may receive only approximately $11.25 per share on the liquidation of our trust account and our warrants will expire
worthless. In certain circumstances, our public stockholders may receive less than $11.25 per share on the redemption of their shares.

29

We may seek business combination opportunities with a financially
unstable business or an entity lacking an established record of revenue, cash flow or earnings, which could subject us to volatile revenues,
cash flows or earnings or difficulty in retaining key personnel.

To the extent we complete our initial business combination with a financially
unstable business or an entity lacking an established record of revenues or earnings, we may be affected by numerous risks inherent in
the operations of the business with which we combine. These risks include volatile revenues or earnings and difficulties in obtaining
and retaining key personnel. Although our officers and directors will endeavor to evaluate the risks inherent in a particular target business,
we may not be able to properly ascertain or assess all of the significant risk factors and we may not have adequate time to complete due
diligence. Furthermore, some of these risks may be outside of our control and leave us with no ability to control or reduce the chances
that those risks will adversely impact a target business.

We are not required to obtain a fairness opinion and consequently,
you may have no assurance from an independent source that the price we are paying for the business is fair to our company from a financial
point of view.

Unless we complete our initial business combination with an affiliated
entity or our board cannot independently determine the fair market value of the target business or businesses, we are not required to
obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions that
the price we are paying is fair to our company from a financial point of view. If no opinion is obtained, our stockholders will be relying
on the judgment of our board of directors, who will determine fair market value based on standards generally accepted by the financial
community. Such standards used will be disclosed in our proxy materials or tender offer documents, as applicable, related to our initial
business combination.

We may issue additional common stock or preferred stock to complete
our initial business combination or under an employee incentive plan after completion of our initial business combination. We may also
issue shares of Class A common stock upon the conversion of the Class B common stock at a ratio greater than one-to-one