Company: FORL
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045609
Chunk: 26

Company: Four Leaf Acquisition Corp
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 not been satisfied as of the end of the reporting periods presented. As a result, diluted income (loss) per share
is the same as basic income (loss) per share for the periods presented.

A reconciliation
of net loss per share is as follows for the three months ended March 31, 2025:

    Class A subject to possible redemption  
    Class A Perm  
    Class B 
  
    Allocation of undistributable loss 
    $(38,759) 
    $(787) 
    $(19,683)
  
    Weighted average shares outstanding, basic and diluted 
     2,668,693  
     54,210  
     1,355,250 
  
    Basic and diluted net loss per share 
    $(0.01) 
    $(0.01) 
    $(0.01)

A reconciliation of net income
per share is as follows for the three months ended March 31, 2024:

    Class A subject to possible redemption  
    Class A Perm  
    Class B 
  
    Allocation of undistributable income 
    $103,652  
    $1,037  
    $25,913 
  
    Weighted average shares outstanding, basic and diluted 
     5,421,000  
     54,210  
     1,355,250 
  
    Basic and diluted net income per share 
    $0.02  
    $0.02  
    $0.02 

Marketable
Securities Held in Trust Account 

On March
31, 2025, 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.  

Deferred
Credit

During the
three months ended March 31, 2025, the Company received unconditional and non-refundable reimbursement of $50,000 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