Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 105

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 2
Chunk 105
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 obtain additional
financing. If the Company is unable to raise additional capital, it may be required to take additional measures to conserve liquidity,
which could include, but not necessarily be limited to, curtailing operations, suspending the pursuit of a potential transaction, and
reducing overhead expenses. The Company cannot provide any assurance that new financing will be available to it on commercially acceptable
terms, if at all. These conditions raise substantial doubt about our ability to continue as a going concern, assuming a business combination
is not consummated. Our unaudited condensed financial statements do not include any adjustments relating to the recovery of the recorded
assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.

We
believe that the proceeds raised in the IPO and the funds potentially available from loans from the Sponsor or any of their affiliates
will be sufficient to allow us to meet the expenditures required for its activities until a business combination is complete. However,
if the estimate of the costs of identifying a target business, undertaking in-depth due diligence and negotiating an initial business
combination are less than the actual amount necessary to do so, we may have insufficient funds available to operate our business prior
to the initial business combination. Moreover, we may need to obtain additional financing either to complete the initial business combination
or because we become obligated to redeem a significant number of Public Shares upon completion of the initial business combination, in
which case we may issue additional securities or incur debt in connection with such initial business combination.

Results
of Operations

Since
the IPO, the Company’s activity has been limited to the search for a prospective initial business combination. The Company will
not generate any operating revenues until the closing and completion of an initial business combination, at the earliest.

For
the three months ended June 30, 2025, the Company had net loss of $88,824, which was primarily related to $320,723 of dividend and
interest income earned in the Trust Account, offset by $343,812 of formation and general and administrative costs and $65,735 of income
tax expense. For the three months ended June 30, 2024, we had net income of $166,656, which was primarily related to $737,335 of
dividend and interest income earned in the Trust, offset by $424,028 of formation and operating costs and $146,651 of income tax expense.

33

For
the six months ended June 30,