Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 1967

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 10
Chunk 1967
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of the transaction would otherwise require the Company to seek stockholder approval. If the Company determines to allow stockholders to
sell their shares to the Company in a tender offer, it will file tender offer documents with the U.S. Securities and Exchange Commission
(“SEC”) which will contain substantially the same financial and other information about the initial business combination as
is required under the SEC’s proxy rules. 

The Company
will proceed with a business combination if the Company has net tangible assets of at least $5,000,001 upon such consummation of a business
combination and, if the Company seeks stockholder approval, a majority of the issued and outstanding shares voted are voted in favor of
the business combination. 

If a stockholder
vote is not required by law and the Company does not decide to hold a stockholder vote for business or other legal reasons, the Company
will, pursuant to its third amended and restated certificate of incorporation, as amended (the “Certificate of Incorporation”),
conduct the redemptions pursuant to the tender offer rules of the SEC and file tender offer documents with the SEC prior to completing
a business combination. 

If, however,
stockholder approval of the transactions is required by law, or the Company decides to obtain stockholder approval for business or legal
reasons, the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant
to the tender offer rules. Additionally, each public stockholder may elect to redeem their public shares irrespective of whether they
vote for or against the proposed transaction. 

Notwithstanding
the foregoing redemption rights, if the Company seeks stockholder approval of its initial business combination and the Company does not
conduct redemptions in connection with its initial business combination pursuant to the tender offer rules, the Certificate of Incorporation
will provide that a public stockholder, together with any affiliate of such stockholder or any other person with whom such stockholder
is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 15% of the shares
sold in the IPO (“Excess Shares”). However, the Company’s stockholders will not be restricted to vote all of their shares
(including Excess shares) for or against the initial business combination. Additionally, such stockholders will not receive redemption
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