Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 204

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 204
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 was below the $35 million minimum MVLS requirement for continued listing on the Nasdaq Capital Market
under Nasdaq Listing Rule 5550(b)(2) (the “MVLS Rule”). The September Notice is a notification of deficiency, not a notice
of imminent delisting, and has no current effect on the listing or trading of the Company’s securities. In accordance with Nasdaq
Listing Rule 5810(c)(3)(C), the Company will have 180 calendar days, or until March 24, 2025 (the “Compliance Period”), to
regain compliance with the MVLS Rule.

On November 21, 2024,
the Company received a letter (the “November Notice”) from the Nasdaq indicating that the Company remains in non-compliance
with the timely filing requirement for continued listing under Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely
file all required periodic reports with the Securities and Exchange Commission. The November Notice has no immediate effect on the listing
or trading of the Company’s common stock. The Company filed the delinquent Form 10-Q on January 15, 2025.

On April 8, 2025, the Company received written
notice (the “Delisting Letter”) from Nasdaq informing the Company that it has not regained compliance with Nasdaq Listing
Rule 5550(b)(2) for the MVLS within the Compliance Period in accordance with Nasdaq Listing Rule 5810(c)(3)(C). Accordingly, unless the
Company requests an appeal of this determination, the Company’s securities will be delisted from The Nasdaq Capital Market, trading
of the Company’s Common Stock will be suspended at the opening of business on April 17, 2025, and a Form 25-NSE will be filed with
the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on The Nasdaq Stock
Market.

On April 17, 2025, the
Company received another notice from the staff of the Nasdaq Listing Qualifications department of Nasdaq stating that the Company’s
failure to file its Annual Report on Form 10-K for the year ended December 31, 2024 (the “Form 10-K”), serves a basis for
delisting the Company’s securities from Nasdaq. Accordingly, unless the Company timely requests an appeal of this determination,
the Company’s securities will be delisted from The Nasdaq Capital Market, trading of the Company