Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 96

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 2
Chunk 96
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Excess Shares”). However, the Company’s
stockholders will not be restricted to vote all of their shares (including Excess shares) for or against the initial business combination.
Additionally, such stockholders will not receive redemption distributions with respect to the Excess Shares if the Company completes
the initial business combination.

The
Company’s Sponsor, officers and directors (collectively, the “Initial Stockholders”) have agreed not to propose any
amendment to the Certificate of Incorporation that would affect the Company’s public stockholders’ ability to convert or
sell their shares to the Company in connection with a business combination as described herein or affect the substance or timing of the
Company’s obligation to redeem 100% of its Public Shares if the Company does not complete a business combination by September 22,
2025 (or June 22, 2026 if the additional extensions are afforded to the Company under the terms
of the 2025 Extension) unless the Company provides its public stockholders with the opportunity to convert their shares of Class
A common stock upon the approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit
in the Trust Account, including interest not previously released to the Company but net of franchise and income taxes payable up to the
interest income from the Trust Account, divided by the number of then outstanding Public Shares.

Initial
Extension of Period to Complete Initial Business Combination

On
March 19, 2024, the Company extended the period of which it is able to consummate an initial business combination by a period of three
months, or until June 22, 2024 (the “Initial Extension”). In connection with the Initial Extension, the Company’s sponsor
deposited an aggregate of $542,100 into the Company’s Trust Account, in return for a convertible note (the “Extension Note”),
included in the convertible note – related party balance as of June 30, 2025 (see Note 5). If the Company does not consummate a
business combination, the Extension Note will not be repaid and all amounts owed under the Extension Note will be forgiven except to
the extent that there are funds available to the Company outside of the Trust Account. The Initial Extension was the first of the two
three-month Extensions permitted under the Company’s governing documents.

29

2024
Special Meeting of the Stockholders

On
June 18, 2024, the Company convened a special meeting of stockholders (