Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 671

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1C
Chunk 671
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 of Class A common stock (with
such issue price or effective issue price to be determined in good faith by the Board of Directors and, in the case of any such issuance
to the Sponsor or its affiliates, without taking into account any founder shares held by the Sponsor or such affiliates, as applicable,
prior to such issuance), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and
interest thereon, available for the funding of the initial business combination on the date of the consummation of the initial business
combination (net of redemptions), and (z) the Market Value is below $9.20 per share, then the exercise price of the Warrants will be adjusted
(to the nearest cent) to be equal to 115% of the greater of the Market Value and the newly issued price, and the $18.00 per share redemption
trigger price described below will be adjusted (to the nearest cent) to be equal to 180% of the greater of the Market Value and the newly
issued price. 

The Warrants
will become exercisable 30 days after the completion of a business combination. However, no Warrant shall be exercisable for cash and
the Company shall not be obligated to issue shares of common stock upon exercise of a Warrant unless the common stock issuable upon such
Warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered
holder of the Warrants. In the event that the condition in the immediately preceding sentence is not satisfied with respect to a Warrant,
the holder of such Warrant shall not be entitled to exercise such Warrant for cash and such Warrant may have no value and expire worthless,
in which case the purchaser of a Unit containing such Public Warrants shall have paid the full purchase price for the Unit solely for
the shares of Class A common stock underlying such Unit. Warrants may not be exercised by, or securities issued to, any registered holder
in any state in which such exercise would be unlawful. 

The Warrants
will expire five years after the completion of a business combination or earlier upon redemption or liquidation. 

Once the
Warrants become exercisable, the Company may redeem the outstanding Warrants: 

    ● in whole and not in part;           ● at a price of $0.01 per warrant;           ● upon not less than 30