Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 4

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 4
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 we have funds available to us outside of the Trust Account.

As of the date of this Annual
Report, eleven Extension Payments have been made and an aggregate of $825,000 have been deposited into the Trust Account. We now have until
May  22, 2025 to complete our initial business combination.

If we are unable to complete an initial business combination prior
to May 22, 2025 (or prior to June 22, 2025, if we fully extend the period of time to consummate a business combination), we will (i)
cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days
thereafter, redeem the shares of Class A common stock subject to possible redemption, at a per-share price, payable in cash, equal to
the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account (less any
income or franchise tax obligations and up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding
shares of Class A common stock, which redemption will completely extinguish public stockholders’ rights as stockholders (including
the right to receive further liquidating distributions, if any), and (iii) as promptly as reasonably possible following such redemption,
subject to the approval of the remaining stockholders and the board of directors, liquidate and dissolve, subject in each case to our
obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law.

2

While we may pursue an initial business combination target in any business,
industry or geographical location, until we consummate our initial business combination, we intend to focus on companies in the IoT space
or adjacent spaces, that is, physical objects (or groups of objects) with sensors, processing ability, software and other technologies
that connect and exchange data with other devices and systems over the Internet or other communications networks, sometimes called “smart
devices.” We intend to target companies in both developing markets (e.g., China and India), and the developed markets (e.g., United
States and Europe).

On September 24, 2024,
the Company received a letter (the “September Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market
LLC (“Nasdaq”) informing the Company that, for the last 36 consecutive business days, the Market Value of Listed Securities
(“MVLS”) for the