Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 55

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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, 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 June 30, 2025 (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.

29

2024
Special Meeting of the Stockholders

On
June 18, 2024, the Company convened a special meeting of stockholders (the “2024 Special Meeting”), at which the Company’s
stockholders approved the amendment to the Company’s Charter to provide the Company’s board of directors with the right to
extend the Combination Period up to an additional twelve (12) times for one (1) month each time from June 22, 2024 to June 22, 2025 (the
“Extension”) (the “2024 Extension Amendment Proposal”). The Company also entered into an amendment (the “2024
Trust Amendment” and together with the 2024 Extension Amendment Proposal, the “2024 Charter Amendment Proposals”) to
the Trust Agreement. The Trust Amendment, as amended, allows the Company to extend the Combination Period up to an additional twelve
(12) times for one (1) month each time from June 22, 2024 to June 22, 2025 by depositing into the Trust Account, for each one-month extension,
$75,000 (the “Extension Payment”).

In
connection with the 2024 Charter Amendment Proposals, the holders of the Company’s public shares were given the opportunity to
redeem their public shares for a pro rata share of the funds on deposit in the Trust Account, including any interest earned on the Trust
Account deposits (net of taxes payable), divided by the number of then outstanding public shares. Stockholders holding 2,752,307 Public
Shares exercised their right to redeem such shares for a pro rata portion of the funds in the Company’s Trust Account. As a result,
approximately $30.2 million (approximately $10