Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 557

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1B
Chunk 557
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 tax planning strategies in making this assessment. After consideration
of all of the information available, management believes that significant uncertainty exists with respect to future realization of the
deferred tax assets and has therefore established a full valuation allowance.

The Company
has no uncertain tax positions related to federal and state income taxes. The federal tax returns for the Company since inception remains
open for examination.

When the
Company is assessed interest or penalties it will be classified in the financial statements as tax expense. For the year ended December
31, 2024, the Company incurred $22,012 of interest and penalties on the unremitted income tax obligations. No interest or penalties were
incurred during the year ended December 31, 2023.

NOTE
10 - SUBSEQUENT EVENTS

The Company did not identify
any subsequent events that require adjustment or disclosure in the financial statements, other than below:

On January 16, 2025, the Company further extended
the period it has to consummate an initial business combination by a period of one month, or until February 22, 2025 (the “First
2025 Monthly Extension”). In connection with the one-month extension, the Company’s Sponsor deposited $75,000 into the Company’s
Trust Account.

On February 20, 2025, the Company further extended
the period it has to consummate an initial business combination by a period of one month, or until March 22, 2025 (the “Second 2025
Monthly Extension”). In connection with the one-month extension, the Company’s Sponsor deposited $75,000 into the Company’s
Trust Account. 

On March 20, 2025, the Company further extended
the period it has to consummate an initial business combination by a period of one month, or until April 22, 2025 (the “Third 2025
Monthly Extension”). In connection with the one-month extension, the Company’s Sponsor deposited $75,000 into the Company’s
Trust Account.

On April 8, 2025, the Company received the Delisting Letter from Nasdaq
informing the Company that it has not regained compliance with Nasdaq Listing Rule 5550(b)(2) for the MVLS within the Compliance Period
in accordance with Nasdaq Listing Rule 5810(c)(3)(C). Accordingly, unless the Company requests an appeal of this determination, the Company’s
securities will be delisted from The Nasdaq Capital Market, trading of the