Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 32

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 1
Chunk 32
---

    A subject to possible redemption  
    Class
    A Perm  
    Class
    B 
  
    Allocation
    of undistributable income 
    $234,100  
    $2,430  
    $60,728 
  
    Weighted average shares
    outstanding, basic and diluted 
     5,224,407  
     54,210  
     1,355,250 
  
    Basic and diluted net
    income per share 
    $0.04  
    $0.04  
    $0.04 

Marketable
Securities Held in Trust Account 

As
of June 30, 2025 and December 31, 2024, the assets held in the Trust Account were substantially held in a treasury trust fund investing
in U.S. Treasury Bills and U.S. Treasury Notes. These securities are presented on the unaudited condensed balance sheets at fair value
at the end of each reporting period. Earnings on these securities are included in dividend and interest income in the accompanying unaudited
condensed statements of operations and are automatically reinvested. The fair value for these securities is determined using quoted market
prices in active markets. 

16

As
of June 30, 2025 and December 31, 2024, the Company had a total of $19,856,826 and $0, respectively, that were owed to the redeeming
stockholders and have been recorded on the unaudited condensed balance sheets as Restricted cash – held in trust account.  

Deferred
Credit

During
the three and six months ended June 30, 2025, the Company received unconditional and non-refundable reimbursement of $100,000 and $150,000,
respectively, for certain general and administrative expenses incurred by the Company from Xiaoyu Dida. The Company accounts for the
reimbursements received from Xiaoyu Dida as a deferred credit associated with a potential business combination in the unaudited condensed
balance sheets. As of June 30, 2025 and December 31, 2024, the deferred credit balance was $341,250 and $191,250, respectively.

Fair
Value of Financial Instruments 

The
fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC 820, Fair Value Measurement,
approximates the carrying amounts represented in the accompanying unaudited condensed balance sheets, primarily