Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 54

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 reasons, the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not
pursuant to the tender offer rules. Additionally, each public stockholder may elect to redeem their Public Shares irrespective of whether
they vote for or against the proposed transaction.

Notwithstanding
the foregoing redemption rights, if the Company seeks stockholder approval of its initial business combination and the Company does not
conduct redemptions in connection with its initial business combination pursuant to the tender offer rules, the Certificate of Incorporation
will provide that a public stockholder, together with any affiliate of such stockholder or any other person with whom such stockholder
is acting in concert or as a “group” (as defined under Section 13 of the Exchange Act), will be restricted from redeeming
its shares with respect to more than an aggregate of 15% of the shares sold in the IPO (“Excess Shares”). However, the Company’s
stockholders will not be restricted to vote all of their shares (including Excess shares) for or against the initial business combination.
Additionally, such stockholders will not receive redemption distributions with respect to the Excess Shares if the Company completes
the initial business combination.

The
Company’s Sponsor, officers and directors (collectively, the “Initial Stockholders”) have agreed not to propose any
amendment to the Certificate of Incorporation that would affect the Company’s public stockholders’ ability to convert or
sell their shares to the Company in connection with a business combination as described herein or affect the substance or timing of the
Company’s obligation to redeem 100% of its Public Shares if the Company does not complete a business combination by September 22,
2025 (or June 22, 2026 if the additional extensions are afforded to the Company under the terms
of the 2025 Extension) unless the Company provides its public stockholders with the opportunity to convert their shares of Class
A common stock upon the approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit
in the Trust Account, including interest not previously released to the Company but net of franchise and income taxes payable up to the
interest income from the Trust Account, divided by the number of then outstanding Public Shares.

Initial
Extension of Period to Complete Initial Business Combination

On
March 19, 2024, the Company extended the period of which it is able to consummate an initial business combination by a period of three
months