Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 198

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 198
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22, 2025 if the additional extensions are afforded to the Company under the terms
of the Extension), the Company 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 shares of Class A common stock subject to possible redemption,
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 (less any income or franchise tax obligations and up to $100,000 of interest to pay dissolution
expenses), divided by the number of then outstanding shares of Class A common stock, which redemption will completely extinguish
public stockholders’ rights as stockholders (including the right to receive further liquidating distributions, if any); and (iii) as
promptly as reasonably possible following such redemption, subject to the approval of the remaining stockholders and the board of directors,
liquidate and dissolve, subject in each case to the Company’s obligations under Delaware law to provide for claims of creditors
and the requirements of other applicable law.

The Company’s
Initial Stockholders agreed to waive their rights to liquidating distributions from the Trust Account with respect to any Class B common
stock held by them if the Company fails to complete its initial business combination within the Combination Period. However, if the Initial
Stockholders acquire public shares in or after the IPO date, they will be entitled to liquidating distributions from the Trust Account
with respect to such public shares if the Company fails to complete a business combination within the prescribed time frame. The underwriter
has agreed to waive their rights to their deferred underwriting commission (see Note 6) held in the Trust Account in the event the Company
does not complete a business combination within the Combination Period, and, in such event, such amounts will be included with the other
funds held in the Trust Account that will be available to fund the redemption of the public shares. In the event of such distribution,
it is possible that the per share value of the assets remaining available for distribution will be less than the IPO price per Unit ($10.00).

In
order to protect the amounts held in the Trust Account, the Sponsor has agreed to be liable to the Company if and to the extent any
claims by a third party for services rendered or products sold to the Company, or a prospective target business with which the
Company has