Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 23

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 23
---
 Our sponsor, officers and directors (collectively, the “Initial Stockholders”) have entered
into a letter agreement with us, pursuant to which they have agreed to waive their redemption rights with respect to any Founder Shares
and any public shares held by them in connection with the completion of our initial business combination.

11

Manner of Conducting Redemptions

We will provide our public stockholders with the opportunity to redeem
all or a portion of their shares of Class A common stock upon the completion of our initial business combination either: (i) in connection
with a stockholder meeting called to approve the initial business combination; or (ii) by means of a tender offer. The decision as to
whether we will seek stockholder approval of a proposed initial business combination or conduct a tender offer will be made by us, solely
in our discretion, and will be based on a variety of factors such as the timing of the transaction and whether the terms of the transaction
would require us to seek stockholder approval under the law or stock exchange listing requirement. Under Nasdaq rules, asset acquisitions
and stock purchases would not typically require stockholder approval while direct mergers with our company where we do not survive and
any transactions where we issue more than 20% of our outstanding common stock or seek to amend our Certificate of Incorporation would
require stockholder approval. If we structure an initial business combination with a target company in a manner that requires stockholder
approval, we will not have discretion as to whether to seek a stockholder vote to approve the proposed initial business combination. We
may conduct redemptions without a stockholder vote pursuant to the tender offer rules of the SEC unless stockholder approval is required
by law or stock exchange listing requirements or we choose to seek stockholder approval for business or other legal reasons. So long as
we obtain and maintain a listing for our securities on Nasdaq, we will be required to comply with such rules.

Submission of our initial business combination to a stockholder
vote

In the event that we seek stockholder approval of our initial business
combination, we will distribute proxy materials and, in connection therewith, provide our public stockholders with the redemption rights
described above upon completion of the initial business combination. If we seek stockholder approval, we will complete our initial business
combination only if a majority of the outstanding shares of common stock voted are voted in favor of the initial business combination.
A quorum for such meeting will consist of the holders present in person or by