Company: FORL
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001213900-25-054453
Chunk: 24

Company: Four Leaf Acquisition Corp
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 24
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 the IPO proceeds held in the Trust Account to the holders of public shares sold in the IPO if there is no qualifying initial business combination consummated during the Combination Period. Our Board currently believes that there will not be sufficient time before the Current Termination Date to complete an initial business combination. Accordingly, we have determined to seek stockholder approval to extend the date by which we must to complete an initial business combination. The sole purpose of the Extension Amendment Proposal is to provide us with sufficient time to complete an initial business combination. On December 17, 2024, We entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among Four Leaf, Xiaoyu Dida Interconnect International Limited, an exempted company incorporated in the Cayman Islands with limited liability (“Xiaoyu Dida”), Xiaoyu Dida Merger Sub, Inc., a Delaware corporation and a wholly -ownedsubsidiary of Xiaoyu Dida (“Merger Sub 1”), and Xiaoyu Dida (USA) Company, Inc., a Delaware corporation and a wholly -ownedsubsidiary of Xiaoyu Dida (“Merger Sub 2”). Upon the closing of the transactions contemplated by the Merger Agreement, (i) Merger Sub1, will be merged with and into Four Leaf (“Merger 1”), with Four Leaf being the surviving company and becoming a wholly -ownedsubsidiary of Xiaoyu Dida. Four Leaf, in its capacity as the surviving entity of Merger1, is referred to for the periods from and after Merger 1 as the “Merger 1 Surviving Corporation”); and (ii) immediately following the consummation of Merger1, the Merger 1 Surviving Corporation will be merged with and into Merger Sub 2 (“Merger 2” and, collectively with Merger1, the “Mergers”), with Merger Sub 2 being the surviving company and becoming a wholly -ownedsubsidiary of Xiaoyu Dida (Merger Sub2, in its capacity as the surviving entity of Merger2, is referred to for the periods from and after Merger 2 as the “Merger 2 Surviving Corporation”). While the parties are actively seeking to close the business combination pursuant the Merger Agreement, our Board currently believes that there will not be sufficient time before the Current Termination Date to complete an initial business combination. Accordingly, our Board believes that the Extension is necessary in order