Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 20

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 20
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,
but we may decide to enter into our initial business combination with a target business that does not meet these criteria and guidelines.

●Size: We intend to focus on companies that alone, or through a strategic combination with another company, have an enterprise
valuation between $200 million and $300 million. We believe at this scale we can most effectively apply the experience and resources of
the management team to accelerate growth and enhance profitability.

●Location: We are searching for attractive target acquisition opportunities globally, with particular emphasis on companies
in Asia and North America.

●Focus: We plan to target companies in the Consumer IoT and consumer facing Industrial IoT sectors globally. Within those broader
sectors, we will concentrate on companies that are aligned to the secular trends of automation, digitization, and broader technology adoption
and positioned for strong growth that can be enhanced through partnership with our management team.

●Management Capability: We plan to target companies with strong management teams that are capable of scaling to operate successfully
on a global basis as a public company. Our management team is committed to providing support, guidance and, where necessary, additional
management talent to assist the target company in executing its value creation strategy and achieving its vision.

●Differentiation: We are looking for potential acquisitions that have powerful competitive advantages, strong innovation capabilities
and an adaptive management team committed to a positive culture grounded in strong values, including the importance of diversity and inclusion
and serving the interests of a broader set of stakeholders.

These criteria are not intended to be exhaustive. Any evaluation relating
to the merits of a particular initial business combination may be based, to the extent relevant, on these general guidelines as well as
other considerations, factors and criteria that our management team may deem relevant. In the event that we decide to enter into our initial
business combination with a target business that does not meet the above criteria and guidelines, we will disclose that the target business
does not meet the above criteria in our stockholder communications related to our initial business combination, which would be in the
form of proxy solicitation materials or tender offer documents that we would file with the U.S. Securities and Exchange Commission (the
“SEC”).

10

Nasdaq rules require that we must complete one or more business combinations
having an aggregate fair market value of at least 80% of the value of the assets held in the trust account (excluding the deferred underwriting
commissions and income taxes payable on the interest and other income earned on the trust account) at the time of our signing a