Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 100

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 2
Chunk 100
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 given the opportunity to
redeem their public shares for a pro rata share of the funds on deposit in the Trust Account, including any interest earned on the Trust
Account deposits (net of taxes payable), divided by the number of then outstanding public shares. Stockholders holding 1,708,386 Public
Shares exercised their right to redeem such shares for a pro rata portion of the funds in the Company’s Trust Account. As a result,
approximately $19.9 million (approximately $11.62 per share) of funds were restricted for payment to the redeeming shareholders. As of
June 30, 2025, the redemption payment had yet to occur, and as such, the $19.9 million restricted for the redeeming shareholders has
been presented as Restricted cash – held in trust account on the unaudited condensed balance sheet. During August of 2025, the
Company remitted payment to the redeeming stockholders in the amount of $19.9 million.

On
June 18, 2025, prior to the 2025 Special Meeting but ratified as part of the 2025 Special Meeting, the Company provided funds to further
extend the period it has to consummate an initial business combination by a period of one month, or until July 22, 2025 (the “Sixth
2025 Monthly Extension”). In connection with the one-month extension, the Company’s Sponsor deposited $75,000 into the Company’s
Trust Account.

On
July 15, 2025, the Company further extended the period it has to consummate an initial business combination by a period of one month,
or until August 22, 2025 (the “Seventh 2025 Monthly Extension”). In connection with the one-month extension, the Company’s
Sponsor deposited $75,000 into the Company’s Trust Account.

On
August 19, 2025, the Company further extended the period it has to consummate an initial business combination by a period of one month,
or until September 22, 2025 (the “Eighth 2025 Monthly Extension”). In connection with the one-month extension, the Company’s
Sponsor deposited $75,000 into the Company’s Trust Account.

If
the Company is unable to complete an initial business combination by September, 2025 (or June 22,
2026 if the additional extensions are afforded to the Company under the terms of the 2025 Extension), the Company will: (i)