Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 102

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 2
Chunk 102
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10.30 per Public Share or (2) the
actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account due to reductions in
the value of the trust assets, in each case net of the interest which may be withdrawn to pay taxes. This liability will not apply with
respect to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account and except as
to any claims under the Company’s indemnity of the underwriter of the IPO against certain liabilities, including liabilities under
the Securities Act of 1933, as amended (the “Securities Act”). Moreover, in the event that an executed waiver is
deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party
claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors
by endeavoring to have all vendors, service providers (except the Company’s independent registered public accounting firm), prospective
target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title,
interest or claim of any kind in or to monies held in the Trust Account.

Liquidity,
Capital Resources and Going Concern

At
June 30, 2025, we had cash of $9,804 and a working capital deficit of $4,597,916, excluding the franchise and income tax liabilities,
as these tax liabilities will be paid using the dividend and interest income earned in the Trust Account.

We
have neither engaged in any operations nor generated any revenues to date. Our only activities from March 3, 2022 (inception) to
June 30, 2025 were organizational activities and those necessary to consummate the IPO and identify a target company for a business
combination. We do not expect to generate any operating revenues until after the completion of our business combination. We have generated
and expected to generate non-operating income in the form of dividend and interest income on marketable securities held in the Company’s
Trust Account. We have incurred and expect to incur expenses as a result of being a public company (for legal, financial reporting, accounting
and auditing compliance), as well as for due diligence expenses.

Our
liquidity needs prior to the consummation of the IPO were satisfied through the proceeds of $25,000 from the