Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 245

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1A
Chunk 245
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 may not allow us to complete the most desirable business combination or optimize our capital
structure.

At the time we enter into an agreement for our initial business combination,
we will not know how many stockholders may exercise their redemption rights, and therefore will need to structure the transaction based
on our expectations as to the number of shares that will be submitted for redemption. If our initial business combination agreement requires
us to use a portion of the cash in the trust account to pay the purchase price, or requires us to have a minimum amount of cash at closing,
we will need to reserve a portion of the cash in the trust account to meet such requirements, or arrange for third party financing. In
addition, if a larger number of shares are submitted for redemption than we initially expected, we may need to restructure the transaction
to reserve a greater portion of the cash in the trust account or arrange for third party financing. Raising additional third party financing
may involve dilutive equity issuances or the incurrence of indebtedness at higher than desirable levels. Furthermore, this dilution would
increase to the extent that the anti-dilution provision of the Class B common stock result in the issuance of Class A shares on a greater
than one-to-one basis upon conversion of the Class B common stock at the time of our business combination. The above considerations may
limit our ability to complete the most desirable business combination available to us or optimize our capital structure. The amount of
the deferred underwriting commissions payable to the underwriters will not be adjusted for any shares that are redeemed in connection
with an initial business combination. The per-share amount we will distribute to stockholders who properly exercise their redemption rights
will not be reduced by the deferred underwriting commissions and after such redemptions, the per-share value of shares held by non-redeeming
stockholders will reflect our obligation to pay the deferred underwriting commissions.

We may issue our shares to investors in connection with our initial
business combination at a price that is less than the prevailing market price of our shares at that time.

In connection with our initial business combination, we may issue shares
to investors in private placement transactions (so-called PIPE transactions) at a price of $10.00 per share or which approximates the
per-share amounts in our trust account at such time. The purpose of such issuances will be to enable us to provide sufficient liquidity
to the post-business combination entity. The price of the shares we issue may therefore be less, and potentially significantly less,