Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 22

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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    the Closing shall be in effect and shall have become final and non-appealable; provided, however, that the right to terminate this
    shall not be available to a party if such Order was due to such party’s breach of or failure to perform any of its representations,
    warranties, covenants or agreements set forth in the Merger Agreement;

    (v)
    by either the Company or
    Xiaoyu Dida if the CSRC Filing Notice has not been obtained by the Outside Date;

    (vi)
    by either Company or Xiaoyu
    Dida if Company stockholder approval shall not have been obtained by reason of the failure to obtain the required vote upon a vote
    held at the special meeting or any adjournment or postponement thereof; or

    (vii)
    by the Company if Xiaoyu
    Dida shareholder approval shall not have been obtained by reason of the failure to obtain the required vote at the general meeting
    duly convened therefor or at any adjournment or postponement thereof.

If
the Merger Agreement is validly terminated, none of the parties to the Merger Agreement will have any liability or further obligation
under the Merger Agreement.

Notices
from the Nasdaq Stock Market

On
September 24, 2024, the Company received a letter (the “September Notice”) from the Listing Qualifications Department of
The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that, for the last 36 consecutive business days, the Market
Value of Listed Securities (“MVLS”) for the Company was below the $35 million minimum MVLS requirement for continued listing
on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(2) (the “MVLS Rule”). The September Notice is a notification
of deficiency, not a notice of imminent delisting, and has no current effect on the listing or trading of the Company’s securities.
In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company had 180 calendar days, or until March 24, 2025 (the “Compliance
Period”), to regain compliance with the MVLS Rule.

11

On
November 21, 2024, the Company received a letter (the “November Notice”) from the Nasdaq indicating that the Company remains
in non-compliance with the timely filing requirement for continued listing under Nasdaq Listing Rule 5250(c)(