Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 38

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 one share of Class A common stock at a price of $11.50 per
share. Each Public Warrant will become exercisable 30 days after the completion of the initial business combination and will expire five
years after the completion of the initial business combination, or earlier upon redemption or liquidation (see Note 7). In connection
with the IPO, the Company also granted the underwriters a 45-day option to purchase an additional 780,000 Units at the IPO price. 

On
March 17, 2023, the underwriters exercised their option to purchase 221,000 additional Units for the total amount of $2,210,000. The
remaining over-allotment option for 559,000 Units expired on April 30, 2023.

NOTE
4 – PRIVATE PLACEMENT 

On
March 16, 2023, in the private placement that occurred simultaneously with the IPO, the Sponsor purchased an aggregate of 3,449,500 warrants
(each a “Private Placement Warrant”) at a price of $1.00 per warrant, for an aggregate purchase price of $3,449,500. 

On
March 17, 2023, the underwriters partially exercised their over-allotment option resulting in the Company issuing 127,400 Private Placement
Warrants, generating an additional $127,500 in gross proceeds. 

Each
Private Placement Warrant entitles the holder to purchase one share of Class A common stock, subject to adjustment. The proceeds from
the Private Placement of the Private Placement Warrants funded the Trust Account, IPO issuance costs and as well as the operations prior
to the business combination. If the Company does not complete an initial business combination within the Combination Period, the remaining
proceeds, after payments from the sale of the Private Placement Warrants, will be included in the liquidating distribution to the public
stockholders and the Private Placement Warrants will be worthless (see Note 7). 

NOTE
5 – RELATED PARTY TRANSACTIONS 

Founder
Shares 

In
May 2022, the Sponsor paid $25,000, or approximately $0.011 per share, to cover certain offering costs in consideration for 2,156,250
shares of Class B common stock, par value $0.0001 (the “Founder Shares” or “Class B common stock”). On May 10,
2022, the Sponsor surrendered 287,500 Founder Shares, for no consideration, resulting in the Sponsor