Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 344

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1A
Chunk 344
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 aggregate of 15% of the shares sold in the IPO
(“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 May 22, 2025 (or
June 22, 2025 if the additional extensions options are exercised by the Company) 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 December 31, 2024 (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.

2024
Special Meeting of the Stockholders

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