Company: FORL
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045609
Chunk: 5

Company: Four Leaf Acquisition Corp
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
    Net change in cash 
     (27,143) 
     (5,378)
  
    Cash - beginning of the period 
     28,407  
     10,622 
  
    Cash - end of the period 
    $1,264  
    $5,244 

    Non-cash investing and financing activities: 

    Accretion of Class A common stock subject to possible redemption 
    $454,186  
    $2,533,747 
  
    Operating expenses paid by Xiaoyu Dida 
    $50,000  
    $- 

The accompanying
notes are an integral part of these unaudited condensed financial statements.

4

FOUR LEAF
ACQUISITION CORPORATION

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 1 - ORGANIZATION AND
DESCRIPTION OF BUSINESS

Nature of Operations 

Four Leaf
Acquisition Corporation (the “Company”) is a blank check company that was incorporated as a Delaware corporation on March
3, 2022 and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses.

On December
17, 2024, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Xiaoyu Dida Interconnect
International Limited, a Cayman Islands exempted company (“Xiaoyu Dida”), commonly known as Smart Station.

As of March
31, 2025, the Company has not commenced any operations. All activity for the period from March 3, 2022 (inception) through March 31, 2025,
relates to the Company’s formation and the initial public offering (“IPO”) (as described below), as well as activities
necessary to identify a potential target and prepare for a business combination. The Company will not generate any operating revenues
until after the completion of its initial business combination. The Company generates non-operating income in the form of dividend and
interest income from the proceeds derived from the IPO. 

The Company
has selected December 31 as its fiscal year end. The Company’s sponsor is ALWA Sponsor, LLC, a Delaware limited liability company
(the “Sponsor”). 

The registration
statement for the Company’s IPO was declared effective on March 16, 2023. On March 16, 2023