Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 80

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 80
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 interest when providing such services to us.

We may engage in an initial business combination with one or more
target businesses that have relationships with entities that may be affiliated with our Sponsor, officers, directors or existing holders
which may raise potential conflicts of interest.

In light of the involvement of our Sponsor, officers and directors
with other entities, we may decide to acquire one or more businesses affiliated with our Sponsor, officers or directors. Our officers
and directors also serve as officers and board members for other entities. Such entities may compete with us for business combination
opportunities. Our Sponsor, officers and directors are not currently aware of any specific opportunities for us to complete our initial
business combination with any entities with which they are affiliated, and there have been no preliminary discussions concerning an initial
business combination with any such entity or entities. Although we will not be specifically focusing on, or targeting, any transaction
with any affiliated entities, we would pursue such a transaction if we determined that such affiliated entity met our criteria for an
initial business and such transaction was approved by a majority of our disinterested directors. Despite our agreement to obtain an opinion
from an independent investment banking firm or another independent entity that commonly renders valuation opinions, regarding the fairness
to our stockholders from a financial point of view of an initial business combination with one or more businesses affiliated with our
Sponsor, officers, directors or existing holders, potential conflicts of interest still may exist and, as a result, the terms of the initial
business combination may not be as advantageous to our public stockholders as they would be absent any conflicts of interest.

42

Since our Initial Stockholders will lose their entire investment
in us if our initial business combination is not completed, a conflict of interest may arise in determining whether a particular business
combination target is appropriate for our initial business combination.

In May 2022, our Sponsor paid $25,000, or approximately $0.011 per
share, to cover certain offering costs in consideration for 2,156,250 Founder Shares. On May 10, 2022, our Sponsor surrendered 287,500
Founder Shares, for no consideration, resulting in our Sponsor and directors continuing to hold 1,868,750 Founder Shares. On August 26,
2022, our Sponsor transferred 25,000 Founder Shares to each of Rahul Mewawalla and Stephen Markscheid, each of which are members of the
Company’s Board of Directors. The awards will vest simultaneously with the closing of an initial business