Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 1896

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 9C
Chunk 1896
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 deemed the fair value of the Class A common stock subject to possible redemption to approximate the contractual
redemption value and as such, the accretion has no impact on the calculation of net income per share. 

The
Company’s Public Warrants (see Note 3) and Private Placement Warrants, including from the conversion of the Working Capital
Loans (see Notes 4 and 6) could, potentially, be exercised or converted into Class A common stock and then share in the earnings of
the Company. However, these warrants were excluded when calculating diluted income per share as the contingencies associated
with the warrants had not been satisfied as of the end of the reporting periods presented. As a result, diluted income per share is
the same as basic income per share for the periods presented.

F-16

A reconciliation of net income
per share is as follows for the year ended December 31, 2024:

    Class A subject to possible redemption  
    Class A Perm  
    Class B 
  
    Allocation of undistributable income 
    $297,005  
    $4,086  
    $102,173 
  
    Weighted average shares outstanding, basic and diluted 
     3,939,567  
     54,210  
     1,355,250 
  
    Basic and diluted net income per share 
    $0.08  
    $0.08  
    $0.08 

A reconciliation
of net income per share is as follows for the year ended December 31, 2023:

    Class A subject to possible redemption  
    Class A Perm  
    Class B 
  
    Allocation of undistributable income 
    $631,939  
    $6,319  
    $196,527 
  
    Weighted average shares outstanding, basic and diluted 
     4,321,342  
     43,213  
     1,343,897 
  
    Basic and diluted net income per share 
    $0.15  
    $0.15  
    $0.15 

Marketable
Securities Held in Trust Account 

On December
31, 2024, the assets held in the Trust Account were substantially held in a treasury trust fund investing in U.S. Treasury Bills and U.S.
Treasury Notes. These securities are presented on the balance sheets at fair value at the end of each reporting period. E