Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 424

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1A
Chunk 424
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 and franchise taxes as well as required deposits
to extend the life of the Company, which currently occur on a monthly basis. 

The redemption
values as of December 31, 2024 and 2023 include $100,000 that can be used to pay any dissolution expenses, should a dissolution event
occur. The redemption value of the Class A common stock subject to possible redemption will be reduced by the estimated dissolution expenses
to be paid from the interest earned in the Trust Account, up to $100,000, if and when a dissolution is deemed probable. 

The reconciliation
of Class A common stock subject to possible redemption as of December 31, 2024 is as follows: 

    Gross proceeds from sale of Public Units  
    $54,210,000 
  
    Less: Proceeds allocated to Public Warrants  
     (1,218,153)
  
    Less: Proceeds allocated to underwriters’ over-allotment option  
     (134,584)
  
    Less: Issuance costs allocated to Class A common stock subject to possible redemption    
     (3,928,774)
  
    Less: Redemption of Class A common stock 
     (30,194,356)
  
    Accretion to redemption value  
     11,289,712 
  
    Class A common stock subject to possible redemption  
    $30,023,845 

The reconciliation
of Class A common stock subject to possible redemption as of December 31, 2023 is as follows:

    Gross proceeds from sale of Public Units  
    $54,210,000 
  
    Less: Proceeds allocated to Public Warrants  
     (1,218,153)
  
    Less: Proceeds allocated to underwriters’ over-allotment option  
     (134,584)
  
    Less: Issuance costs allocated to Class A common stock subject to possible Redemption    
     (3,928,774)
  
    Accretion to redemption value  
     7,138,931 
  
    Class A common stock subject to possible redemption  
    $56,067,420 

Derivative
Financial Instruments 

The Company
issued warrants to its investors, and the over-allotment option to the underwriter. The Company accounts for financial instruments as
either equity-classified or liability-classified instruments based on an assessment of the specific terms of the instruments and applicable