Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 260

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1A
Chunk 260
---
 combination and thereafter to operate the post-transaction business
or assets for the long term. We do not plan to buy businesses or assets with a view to resale or profit from their resale. We do not plan
to buy unrelated businesses or assets or to be a passive investor.

We do not believe that our anticipated principal activities will subject
us to the Investment Company Act. To this end, the proceeds held in the trust account may only be invested in United States “government
securities” within the meaning of Section 2(a)(16) of the Investment Company Act having a maturity of 185 days or less or in money
market funds meeting certain conditions under Rule 2a-7 promulgated under the Investment Company Act which invest only in direct U.S.
government treasury obligations. Pursuant to the trust agreement, the trustee is not permitted to invest in other securities or assets.
By restricting the investment of the proceeds to these instruments, and by having a business plan targeted at acquiring and growing businesses
for the long term (rather than on buying and selling businesses in the manner of a merchant bank or private equity fund), we intend to
avoid being deemed an “investment company” within the meaning of the Investment Company Act. The trust account is intended
as a holding place for funds pending the earliest to occur of: (i) the completion of our initial business combination; (ii) the redemption
of any public shares properly submitted in connection with a stockholder vote to amend our Certificate of Incorporation (A) to modify
the substance or timing of our obligation to allow redemption in connection with our initial business combination or to redeem 100% of
our public shares if we do not complete our initial business combination by May 22, 2025 (or prior to June 22, 2025, if we fully extend
the period of time to consummate a business combination), or (B) with respect to any other provision relating to stockholders’ rights
or pre-initial business combination activity; or (iii) absent an initial business combination by May 22, 2025, or if fully extend the
period of time to consummate a business combination, by June 22, 2025, our return of the funds held in the trust account to our public
stockholders as part of our redemption of the public shares. If we do not invest the proceeds as discussed above, we may be deemed to
be subject to the Investment Company Act. If we were deemed to be subject to the Investment