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

Company: Four Leaf Acquisition Corp
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 that a business combination is not consummated during that time. Giving effect
to the 2024 Charter Amendment Proposals discussed above, the Company has until June 22, 2025 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 June 22, 2025, 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 in their sole discretion, to meet the Company’s working
capital needs and provide for the required monthly extension Trust Account deposits. Accordingly, the Company may not be able to obtain
additional financing. If the Company is unable to raise additional capital, it may be required to take additional measures to conserve
liquidity, which could include, but not necessarily be limited to, curtailing operations, suspending the pursuit of a potential transaction,
and reducing overhead expenses. The Company cannot provide any assurance that new financing will be available to it on commercially acceptable
terms, if at all.

The Company
believes that the proceeds raised in the initial public offering and the funds potentially available from loans from the Sponsor or any
of their affiliates will be sufficient to allow the Company to meet the expenditures required for its activities until a business combination
is complete. However, if the estimate of the costs of identifying a target business, undertaking in-depth due diligence and negotiating
a business combination are less than the actual amount necessary to do so, the Company may have insufficient funds available to operate
its business through the initial business combination. Moreover, the Company may need to obtain additional financing either to complete
the business combination or because the Company becomes obligated to redeem a significant number of public shares upon completion of the
business combination, in which case the Company may issue additional securities or incur debt in connection with such business combination.

Management
has determined that the liquidity condition, potential mandatory liquidation and subsequent dissolution raise substantial doubt about
the Company’s ability to continue as a going concern. These unaudited condensed financial statements do not include any adjustments
relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be
unable to continue as a