Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 52

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 52
---
2025 (or June 22, 2025, if we fully extend
the period of time to consummate a business combination), is not considered a liquidating distribution under Delaware law and such redemption
distribution is deemed to be unlawful (potentially due to the imposition of legal proceedings that a party may bring or due to other circumstances
that are currently unknown), then pursuant to Section 174 of the DGCL, the statute of limitations for claims of creditors could then be
six years after the unlawful redemption distribution, instead of three years, as in the case of a liquidating distribution.

The grant of registration rights to our initial stockholders may
make it more difficult to complete our initial business combination, and the future exercise of such rights may adversely affect the market
price of our Class A common stock.

Our initial stockholders and their permitted transferees can demand
that we register the resale of the Private Placement Warrants, the shares of Class A common stock issuable upon exercise of the Private
Placement Warrants and the shares of Class A common stock issuable upon conversion of the Founder Shares, and holders of warrants that
may be issued upon conversion of working capital loans may demand that we register the resale of such Class A common stock, warrants or
the Class A common stock issuable upon exercise of such warrants. We will bear the cost of registering these securities. The registration
and availability of such a significant number of securities for trading in the public market may have an adverse effect on the market
price of our Class A common stock. In addition, the existence of the registration rights may make our initial business combination costlier
or difficult to complete. This is because the stockholders of the target business may increase the equity stake they seek in the combined
entity or ask for more cash consideration to offset the negative impact on the market price of our Class A common stock that is expected
when the securities owned by our initial stockholders or holders of working capital loans or their respective permitted transferees are
registered.

Because we are neither limited to evaluating a target business in
a particular industry sector nor have we selected any specific target businesses with which to pursue our initial business combination,
you will be unable to ascertain the merits or risks of any particular target business’s operations.

We will seek to complete an initial business combination with companies
in the IoT industry or adjacent industry but may also pursue other business combination opportunities, except that we will not, under
our Certificate of Incorporation, be permitted to effectuate our initial business combination