Company: FORL
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045609
Chunk: 99

Company: Four Leaf Acquisition Corp
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 2
Chunk 99
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 time.
Giving effect to the 2024 Charter Amendments discussed above, the Company has until June 22, 2025, to complete an initial business combination, subject to the Company making the required Trust Account
deposits. If an initial business combination is not consummated by June 22, 2025, there will be a mandatory liquidation and subsequent dissolution of the Company. The Company may need to raise
additional capital through loans or additional investments from its Sponsor, stockholders, officers, directors, or third parties. The
Company’s officers, directors and Sponsor may, but are not obligated to, loan the Company funds, from time to time or at any time,
in whatever amount they deem reasonable in their sole discretion, to meet the Company’s working capital needs and provide for the
required monthly extension Trust Account deposits. Accordingly, the Company may not be able to obtain additional financing. If the Company
is unable to raise additional capital, it may be required to take additional measures to conserve liquidity, which could include, but
not necessarily be limited to, curtailing operations, suspending the pursuit of a potential transaction, and reducing overhead expenses.
The Company cannot provide any assurance that new financing will be available to it on commercially acceptable terms, if at all.

Management has determined
that our liquidity condition, potential mandatory liquidation and subsequent dissolution raise substantial doubt about the Company’s
ability to continue as a going concern, assuming a Business Combination is not consummated before June 22, 2025. Our financial statements
do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be
necessary should the Company be unable to continue as a going concern.

We believe that the proceeds
raised in the IPO and the funds potentially available from loans from the Sponsor or any of their affiliates will be sufficient to allow
us to meet the expenditures required for its activities until a business combination is complete. However, if the estimate of the costs
of identifying a target business, undertaking in-depth due diligence and negotiating an initial business combination are less than the
actual amount necessary to do so, we may have insufficient funds available to operate our business prior to the initial business combination.
Moreover, we may need to obtain additional financing either to complete the initial business combination or because we become obligated
to redeem a significant number of Public Shares upon completion of the initial business combination, in which case we may issue additional
securities or incur debt in connection with such initial business combination.