Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 126

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 126
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 surviving company and becoming a wholly-owned subsidiary of Xiaoyu Dida;
and (ii) immediately following the consummation of Merger 1, the Merger 1 Surviving Corporation will be merged with and into Merger Sub
2 (“Merger 2” and, collectively with Merger 1, the “Mergers”), with Merger Sub 2 being the surviving company and
becoming a wholly-owned subsidiary of Xiaoyu Dida.

The below
description of the Merger Agreement and the transactions contemplated thereby is not complete and is subject to and qualified in its entirety
by reference to the actual Merger Agreement, a copy of which is filed with the Current Report on Form 8-K filed on December 19, 2024,
as Exhibit 2.1.

Immediately
prior to the Merger 1 Effective Time (as defined in the Merger Agreement): (i) each share of the Company’s Class B common stock
shall be automatically converted into one share of the Company’s Class A common stock in accordance with the terms of the Company’s
Certificate of Incorporation (such automatic conversion, the “Company Class B Conversion”) and each share of Class B common
stock shall no longer be outstanding and shall automatically be canceled, and each former holder of Class B common stock shall thereafter
cease to have any rights with respect to such shares; and (ii) each Unit, which consists of one share of Class A common stock and one
redeemable Public Warrant issued by the Company to purchase shares of Class A common stock at a price of $11.50 per whole share outstanding
immediately prior to the Merger 1 Effective Time shall be automatically detached and the holder thereof shall be deemed to hold one share
of Class A common stock and one Public Warrant in accordance with the terms of the applicable Units (the “Unit Separation”). 

66

Immediately
after giving effect to the Unit Separation and the Four Leaf Class B Conversion, at the Merger 1 Effective Time, each share of Class A
common stock issued and outstanding immediately prior to the Merger 1 Effective Time (other than any shares of Class A common stock held
by the Company as treasury stock and any shares of Class A common stock subject to redemption) shall automatically be cancelled in exchange
for the right to receive, upon delivery of the applicable letter of transmittal (if any), one Class A ordinary share, par value of $0.00005