Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 995

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 4
Chunk 995
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, 2025 (or June 22, 2025
if the additional extensions options are exercised by the Company ) unless the Company provides its public stockholders with the opportunity
to convert their shares of Class A common stock upon the approval of any such amendment at a per-share price, payable in cash, equal
to the aggregate amount then on deposit in the Trust Account, including interest not previously released to the Company but net of franchise
and income taxes payable up to the interest income from the Trust Account, divided by the number of then outstanding public shares.

Initial
Extension of Period to Complete Initial Business Combination

On March
19, 2024, the Company extended the period of which it is able to consummate an initial business combination by a period of three months,
or until June 22, 2024 (the “Initial Extension”). In connection with the Initial Extension, the Company’s sponsor deposited
an aggregate of $542,100 into the Company’s Trust Account, in return for a convertible note (the “Extension Note”),
included in the convertible note – related party balance as of December 31, 2024 (see Note 5). If the Company does not consummate
a business combination, the Extension Note will not be repaid and all amounts owed under the Extension Note will be forgiven except to
the extent that there are funds available to the Company outside of the Trust Account. The Initial Extension was the first of the two
three-month Extensions permitted under the Company’s governing documents.

2024
Special Meeting of the Stockholders

On June
18, 2024, the Company convened a special meeting of stockholders (the “2024 Special Meeting”), at which the Company’s
stockholders approved the amendment to the Company’s Charter to provide the Company’s board of directors with the right to
extend the Combination Period up to an additional twelve (12) times for one (1) month each time from June 22, 2024 to June 22, 2025 (the
“Extension”) (the “2024 Extension Amendment Proposal”). The Company also entered into an amendment (the “2024
Trust Amendment” and together with the 2024 Extension Amendment Proposal, the “2024 Charter Amendment Proposals”) to
the Trust Agreement. The Trust Amendment, as amended, allows the Company to extend the Combination Period up to an additional twelve (12)
times for one (1) month each time from June 22, 2024 to June 22,