Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 40

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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and the Private Placement Warrants will be worthless (see Note 7). 

Working
Capital Loans 

In
order to finance transaction costs in connection with a business combination, the Sponsor or an affiliate of the Sponsor, or certain
of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working
Capital Loans”). If the Company completes a business combination, the Company will repay the Working Capital Loans. Up to $2,000,000
of such loans may be converted into warrants, at a price of $1.00 per warrant at the option of the lender, upon consummation of the Company’s
initial business combination. In the event that a business combination does not close, the Company may use a portion of proceeds held
outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working
Capital Loans.

During
the three months ended June 30, 2025, the Company received from the Sponsor $565,000 in Working Capital Loans, of which $340,000 was
utilized for working capital needs and $225,000 was utilized to fund the Fourth 2025 Monthly Extension, Fifth 2025 Monthly Extension,
and Sixth 2025 Monthly Extension. During the six months ended June 30, 2025, the Company received from the Sponsor $921,000 in Working
Capital Loans, of which $471,000 was utilized for working capital needs, $450,000 was utilized to fund the First 2025 Monthly Extension,
Second 2025 Monthly Extension, Third 2025 Monthly Extension, Fourth 2025 Monthly Extension, Fifth 2025 Monthly Extension, and Sixth 2025
Monthly Extension.

During
the year ended December 31, 2024, the Company received from the Sponsor $1,923,100 in Working Capital Loans, of which $856,100 was utilized
for working capital needs, $542,000 was utilized to fund the Initial Extension and $525,000 was utilized to fund the First 2024 Monthly
Extension, Second 2024 Monthly Extension, Third 2024 Monthly Extension, Fourth 2024 Monthly Extension, Fifth 2024 Monthly Extension,
Sixth 2024 Monthly Extension and Seventh 2024 Monthly Extension. 

The
Working Capital Loans are to be repaid upon the consummation of a business combination, without interest, or, at the lender’s option,
up to