Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 730

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 2
Chunk 730
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 stockholders have agreed to
waive their redemption rights with respect to any Founder Shares held by them if we fail to consummate our initial business combination
by June 22, 2024, or if we decide to exercise the second extension option, by September 22, 2024. If we do not complete our initial business
combination within such applicable time period, the proceeds of the sale of the Private Placement Warrants held in the trust account will
be used to fund the redemption of our public shares, and the placement securities will expire worthless. With certain limited exceptions,
the Founder Shares will not be transferable, assignable by our Sponsor until the earlier of: (A) one year after the completion of our
initial business combination; or (B) subsequent to our initial business combination, (x) if the last sale price of our Class A common
stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like)
for any 20 trading days within any 30-trading day period commencing at least 150 days after our initial business combination, or (y) the
date on which we complete a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all
of our stockholders having the right to exchange their shares of common stock for cash, securities or other property. With certain limited
exceptions, the Private Placement Warrants and the Class A common stock underlying such warrants, will not be transferable, assignable
or saleable by our Sponsor or its permitted transferees until 30 days after the completion of our initial business combination. Since
our Sponsor and officers and directors may directly or indirectly own common stock and warrants, our officers and directors may have a
conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial
business combination.

86

●Our officers and directors may have a conflict of interest with respect to evaluating a particular business combination if the retention
or resignation of any such officers and directors was included by a target business as a condition to any agreement with respect to our
initial business combination.

●Our Sponsor, officers or directors may have a conflict of interest with respect to evaluating a business combination and financing
arrangements as we may obtain loans from our Sponsor or an affiliate of our Sponsor or any of our officers or directors to finance transaction
costs in connection with an intended initial business combination. Up to $