Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 73

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 73
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 closely scrutinize any individuals we employ after our initial business combination, we cannot assure you that our assessment
of these individuals will prove to be correct. These individuals may be unfamiliar with the requirements of operating a company regulated
by the SEC, which could cause us to have to expend time and resources helping them become familiar with such requirements. In addition,
the officers and directors of an initial business combination candidate may resign upon completion of our initial business combination.
The departure of an initial business combination target’s key personnel could negatively impact the operations and profitability
of our post-combination business. The role of an initial business combination candidate’s key personnel upon the completion of our
initial business combination cannot be ascertained at this time. Although we contemplate that certain members of an initial business combination
candidate’s management team will remain associated with the initial business combination candidate following our initial business
combination, it is possible that members of the management of an initial business combination candidate will not wish to remain in place.
The loss of key personnel could negatively impact the operations and profitability of our post-combination business.

We may only be able to complete one business combination with the
proceeds of the Initial Public Offering, the sale of the Private Placement Warrants, which will cause us to be solely dependent on a single
business which may have a limited number of services and limited operating activities. This lack of diversification may negatively impact
our operating results and profitability.

As of December 31, 2024, we had cash in the Trust Account of $30,124,557 assuming
no redemptions and before future payment of $1,897,350 of deferred underwriting fees, before any franchise and income taxes, and before
fees and expenses associated with our initial business combination. We may effectuate our initial business combination with a single target
business or multiple target businesses simultaneously or within a short period of time. However, we may not be able to effectuate our
initial business combination with more than one target business because of various factors, including the existence of complex accounting
issues and the requirement that we prepare and file pro forma financial statements with the SEC that present operating results and the
financial condition of several target businesses as if they had been operated on a combined basis. By completing our initial business
combination with only a single entity, our lack of diversification may subject us to numerous economic, competitive and regulatory developments.
Further, we would not be able to diversify our operations or benefit from the possible spreading of risks or offset