Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 69

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 69
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 an established record of revenues or earnings, than would be the case if such parties had paid
the full offering price for their Founder Shares, or if such a fee were not potentially payable.

Unlike many other similarly structured special purpose acquisition
companies, our initial stockholders will receive additional shares of Class A common stock if we issue shares to consummate an initial
business combination.

The Founder Shares will automatically convert into Class A common stock
at the time of our initial business combination, on a one-for-one basis, subject to adjustment as provided herein. In the case that additional
shares of Class A common stock, or equity-linked securities convertible or exercisable for Class A common stock, are issued or deemed
issued in excess of the amounts offered in our Initial Public Offering and related to the closing of the initial business combination,
the ratio at which Founder Shares shall convert into Class A common stock will be adjusted so that the number of Class A common stock
issuable upon conversion of all Founder Shares will equal, in the aggregate, on an as-converted basis, approximately 20% of the total
number of all outstanding shares of common stock upon completion of the initial business combination, excluding the Private Placement
Warrants and underlying Class A common stock, the Representative Shares, any shares or equity-linked securities issued, or to be issued,
to any seller in the business combination and any private placement-equivalent warrants and their underlying Class A common stock issued
to our Sponsor or its affiliates upon conversion of loans made to us. This is different from most other similarly structured special purpose
acquisition companies in which the initial stockholder will only be issued an aggregate of 20% of the total number of shares to be outstanding
prior to the initial business combination. Additionally, the aforementioned adjustment will not take into account any shares of Class
A common stock redeemed in connection with the business combination. Accordingly, the holders of the Founder Shares could receive additional
shares of Class A common stock even if the additional shares of Class A common stock, or equity-linked securities convertible or exercisable
for Class A common stock, are issued or deemed issued solely to replace those shares that were redeemed in connection with the business
combination. The foregoing may make it more difficult and expensive for us to consummate an initial business combination.

Our warrants and Founder Shares may have an adverse effect on the
market price of our Class A common stock and make it more difficult to effectuate our initial business combination.

Our initial stockholders currently own an aggregate of 1,355,250 Founder