Company: FORL
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001213900-25-054453
Chunk: 10

Company: Four Leaf Acquisition Corp
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 10
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 surviving company and becoming a wholly -ownedsubsidiary of Xiaoyu Dida (Merger Sub2, in its capacity as the surviving entity of Merger2, is referred to for the periods from and after Merger 2 as the “Merger 2 Surviving Corporation”). The parties are actively seeking to close the business combination pursuant the Merger Agreement. Our Board currently believes that there will not be sufficient time before the Current Termination Date to complete an business combination. Accordingly, our Board believes that the Extension is necessary in order to be able to consummate an initial business combination. Therefore, our Board has determined that it is in the best interests of our stockholders to extend the date by which we must consummate an initial business combination to the Amended Termination Date in order to provide our stockholders with the opportunity to participate in an investment in a company with which we may combine. The Board also believes that it is advantageous for the Board to determine, in its sole discretion, whether to liquidate and dissolve the Company at a date that is earlier than the Amended Termination Date, which our stockholders would be enabling the Board to do by approving the Extension Amendment Proposal. The purpose of the Trust Amendment Proposal is to revise terms that would apply to our Trust Account maintained at Continental under the Trust Agreement so that they are aligned to the terms to be included in our Amended Certificate by the Extension Amendment Proposal. Pursuant to the terms of the current Amended Certificate and the Trust Agreement, we are allowed to extend the Business Combination Period until the current Termination Date by electing to make an Extension Payment for each one month extension. By approving the Extension Proposals, our Amended Certificate and the Trust Agreement would be amended to allow us to extend the Combination Period from the Current Termination Date up until the Amended Termination Date by electing to make an Extension Payment for each one month extension of $75,000 into the Trust Account. For each Extension Payment, our Sponsor will deposit the applicable Extension Payment amount into the Trust Account and we will issue an unsecured promissory note (each an “Extension Note”) in the principal amount of the Extension Payment to our Sponsor. Each Extension Note will bear no interest and will be repayable in full upon the consummation of an initial business combination. If we do not consummate an initial business combination, then any Extension Notes will not be repaid and all amounts owed under the Extension Notes will be forgiven except to the extent that we have funds available to us