Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 27

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 27
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 meeting, an aggregate of 2,752,307 shares of the Company’s Class A common stock were tendered for redemption.
For each Extension Payment, our Sponsor will deposit the applicable Extension Payment amount into the Trust Account and we will issue
an unsecured promissory note (each an “Extension Note”) in the principal amount of the Extension Payment to our Sponsor. Each
Extension Note will bear no interest and will be repayable in full upon the consummation of an initial business combination. If we do
not consummate an initial business combination, then any Extension Notes will not be repaid and all amounts owed under the Extension Notes
will be forgiven except to the extent that we have funds available to us outside of the Trust Account.

13

As of the date of this Annual
Report, ten Extension Payments have been made and an aggregate of $750,000 have been deposited into the Trust Account. We now have until
Aprill 22, 2025 to compete our initial business combination.

If we are unable to complete our initial business combination within
such specified period, we will: (i) cease all operations except for the purpose of winding up; (ii) as promptly as reasonably possible
but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate
amount then on deposit in the trust account including interest earned on the funds held in the trust account and not previously released
to us to pay our taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding public
shares, which redemption will completely extinguish public stockholders’ rights as stockholders (including the right to receive
further liquidating distributions, if any), subject to applicable law; and (iii) as promptly as reasonably possible following such redemption,
subject to the approval of our remaining stockholders and our board of directors, dissolve and liquidate, subject in the case of clauses
(ii) and (iii) above to our obligations under Delaware law to provide for claims of creditors and the requirements of other applicable
law. There will be no redemption rights or liquidating distributions with respect to our warrants, which will expire worthless if we fail
to complete our initial business combination with the requisite time period.

Competition

In identifying, evaluating and selecting a target business for our
initial business combination, we may encounter intense competition from other entities having a business objective similar to ours, including
other blank check companies