Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 34

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 30, 2025 and December 31, 2024 include $100,000 that can be used to pay any dissolution expenses, should
a dissolution event occur. The redemption value of the Class A common stock subject to possible redemption will be reduced by the estimated
dissolution expenses to be paid from the interest earned in the Trust Account, up to $100,000, if and when a dissolution is deemed probable.

17

The
reconciliation of Class A common stock subject to possible redemption as of June 30, 2025 is as follows:

    Gross proceeds from sale of
    Public Units 
    $54,210,000 
  
    Less: Proceeds allocated to Public Warrants 
     (1,218,153)
  
    Less: Proceeds allocated to underwriters’
    over-allotment option 
     (134,584)
  
    Less: Issuance costs allocated to Class
    A common stock subject to possible redemption 
     (3,928,774)
  
    Less: Redemptions of Class A common stock 
     (50,051,182)
  
    Accretion to redemption
    value 
     12,216,286 
  
    Class A common stock
    subject to possible redemption 
    $11,093,593 

The
reconciliation of Class A common stock subject to possible redemption as of December 31, 2024 is as follows: 

    Gross proceeds from sale of
    Public Units 
    $54,210,000 
  
    Less: Proceeds allocated to Public Warrants 
     (1,218,153)
  
    Less: Proceeds allocated to underwriters’
    over-allotment option 
     (134,584)
  
    Less: Issuance costs allocated to Class
    A common stock subject to possible redemption 
     (3,928,774)
  
    Less: Redemption of Class A common stock 
     (30,194,356)
  
    Accretion to redemption
    value 
     11,289,712 
  
    Class A common stock
    subject to possible redemption 
    $30,023,845 

Derivative
Financial Instruments 

The
Company issued warrants to its investors, and the over-allotment option to the underwriter. The Company accounts for financial instruments
as either equity-classified or liability-classified instruments based on an assessment of the specific terms of