Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 93

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 2
Chunk 93
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 share (“Class A common stock” or “Public Shares”), and one redeemable warrant exercisable
into one share of Class A common stock at an exercise price of $11.50 per share (each a “Public Warrant” and collectively,
“Public Warrants”). The Units were sold at an offering price of $10.00 per Unit, generating total gross proceeds of $54,210,000.

Simultaneously
with the consummation of the IPO and the sale of the Units, the Company consummated the private placement (“Private Placement”)
of 3,576,900 warrants (“Private Placement Warrants” and collectively, with the Public Warrants, the “Warrants”)
to the Sponsor at a price of approximately $1.00 per Placement Warrant, generating total proceeds of $3,577,000.

Transaction
costs amounted to $4,019,087 consisting of $2,710,500 of underwriting commissions, the Representative Shares (as defined below), and
$1,038,067 of other offering costs. At the IPO date, cash of $974,028 was held outside of the Trust Account (as defined below) and is
available for the payment of the Note (as defined herein) when necessary, payment of accrued offering costs and for working capital purposes.

In
conjunction with this Public Offering, the Company issued to the underwriter 54,210 shares of Class A common stock for nominal consideration
(the “Representative Shares”). The fair value of the Representative Shares accounted for as compensation under Accounting
Standards Codification (“ASC”) 718, “Compensation—Stock Compensation” (“ASC 718”) was included
in the offering costs. The estimated fair value of the Representative Shares as of the IPO date totaled $270,520.

Following
the closing of the IPO, an amount of $55,836,300 ($10.30 per Unit) from the net proceeds of the sale of the Units in the IPO and the
sale of the Private Placement Warrants was placed in a trust account (the “Trust Account”), to be invested in U.S. government
securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment
Company Act”), with a maturity of 185 days or less, or in any open-ended investment company that holds itself out as a money market
fund meeting the conditions of Rule 2a-7 of