Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 35

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 35
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 at a price that is less than the prevailing market price of our shares at that time.

In connection with our initial business combination, we may issue shares
to investors in private placement transactions (so-called PIPE transactions) at a price of $10.00 per share or which approximates the
per-share amounts in our trust account at such time. The purpose of such issuances will be to enable us to provide sufficient liquidity
to the post-business combination entity. The price of the shares we issue may therefore be less, and potentially significantly less, than
the market price for our shares at such time.

18

The ability of our public stockholders to exercise redemption rights
with respect to a large number of our shares could increase the probability that our initial business combination would be unsuccessful
and that you would have to wait for liquidation in order to redeem your stock.

If our initial business combination agreement requires us to use a
portion of the cash in the trust account to pay the purchase price, or requires us to have a minimum amount of cash at closing, the probability
that our initial business combination would be unsuccessful is increased. If our initial business combination is unsuccessful, you would
not receive your pro rata portion of the trust account until we liquidate the trust account. If you are in need of immediate liquidity,
you could attempt to sell your stock in the open market; however, at such time our stock may trade at a discount to the pro rata amount
per share in the trust account. In either situation, you may suffer a material loss on your investment or lose the benefit of funds expected
in connection with our redemption until we liquidate or you are able to sell your stock in the open market.

In the event that we decide to further extent the period of time
to consummate an initial business combination for up to additional two (2) times for one (1) month each time to June 22, 2025, investors
will have no voting rights and no redemption rights in connection with such extensions.

On March 19, 2024, we issued a non-convertible unsecured promissory
note (the “Extension Note”) in the principal amount of $542,100 to our Sponsor. Our Sponsor deposited the funds into the trust
account in connection with the first extension. The Extension Note was issued in connection with the decision by our board of directors
to exercise the first extension option in accordance with our second amended and restated certificate of incorporation (the “Certificate
of Incorpor