Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 106

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 2
Chunk 106
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 2025, the Company had net loss of $148,054, which was primarily related to $637,205 of dividend and
interest income earned in the Trust Account, offset by $658,628 of formation and general and administrative costs and $126,631 of income
tax expense. For the six months ended June 30, 2024, the Company had a net income of $297,258, which was primarily related to $1,495,275
of dividend and interest income earned in the Trust Account, offset by $876,445 of formation and operating costs and $321,572 of income
tax expense.

Formation
and operating costs decreased during the three and six months ended June 30, 2025 as compared to the three and six months ended June
30, 2024 primarily due to the decreases in accounting and legal expenses. The dividend and interest income decreased for the three and
six months ended June 30, 2025 as compared to the three and six months ended June 30, 2024 due a decreased balance in the Trust Account
as a result of the redemptions that occurred on June 18, 2024. Income tax expense for the three and six months ended June 30, 2025 decreased
in line with the decrease in dividend and interest income earned in the Trust Account.

Commitments
and Contractual Obligations

Registration
Rights

The
holders of the Founder Shares, Private Placement Warrants, warrants that may be issued upon conversion of Working Capital Loans, any
shares of Class A common stock issuable upon the exercise of the Private Placement Warrants and warrants that may be issued upon conversion
of the Working Capital Loans and Class A common stock issuable upon conversion of the Founder Shares, are entitled to registration rights
pursuant to a registration rights agreement to be signed at the effective date of the IPO, requiring us to register such securities for
resale (in the case of the Founder Shares, only after conversion of the Class A common stock). The holders of the majority of these securities
are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders
have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion
of the initial business combination and rights to require us to register for resale such securities pursuant to Rule 415 under the
Securities Act. The registration rights agreement does not contain liquidated damages or