Company: FORL
Filing Date: 2025-01-15
Form Type: 10-Q
Source: 0001829126-25-000187
Chunk: 51

Company: Four Leaf Acquisition Corp
Filing Date: 2025-01-15
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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 of then outstanding Public Shares.

30

The $125,986 held outside of the Trust Account
as of September 30, 2024 will not be sufficient to allow the Company to operate for at least the next 12 months from the
issuance of these unaudited condensed financial statements, assuming that a business combination is not consummated during that
time. Giving effect to the 2024 Charter Amendments discussed above, the Company has until January 22, 2025 (or June 22,
2025 if the additional extension options are exercised by the Company), 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 January 22, 2025
(or June 22, 2025 if the additional extension options are exercised by the Company), 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 the 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. These conditions raise
substantial doubt about our ability to continue as a going concern, assuming a business combination is not consummated. Our
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 going concern.

We believe that the proceeds raised in the IPO and the funds potentially available from loans from the Sponsor or any of their affiliates will be sufficient to allow us 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