Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 259

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1A
Chunk 259
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 entitled to distributions if we are unable to complete our initial business combination and
do not amend certain provisions of our Certificate of Incorporation prior thereto.

The price at which we issue any shares in connection with a business
combination may be lower than the price you paid for the units in the Initial Public Offering or at a price lower than the trading price
of our Class A common stock, irrespective of any increased stock price based on market responses to special purpose acquisition companies
in general.

Our Class A common stock may trade at an increased price to our offering
price prior to any proposed business combination due to heightened awareness of special purpose acquisition companies. Even prior to the
announcement of any proposed transaction, we have observed shares of other such companies trade in anticipation of what the market believes
is a pending transaction. The price at which we issue any shares may be lower than the price you paid for the units in the Initial Public
Offering or at a price lower than the trading price of our Class A common stock at the time we commit to such issuance or at the closing
of the business combination.

If we are deemed to be an investment company under the Investment
Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make it
difficult for us to complete our initial business combination.

If we are deemed to be an investment company under the Investment Company
Act, our activities may be restricted, including:

●restrictions on the nature of our investments; and

●restrictions on the issuance of securities, each of which may make it difficult for us to complete our initial business combination.

In addition, we may have imposed upon us burdensome requirements, including:

●registration as an investment company with the SEC;

●adoption of a specific form of corporate structure; and

●reporting, record keeping, voting, proxy and disclosure requirements and other rules and regulations that we are currently not subject
to.

25

In order not to be regulated as an investment company under the Investment
Company Act, unless we can qualify for an exclusion, we must ensure that we are engaged primarily in a business other than investing,
reinvesting or trading in securities and that our activities do not include investing, reinvesting, owning, holding or trading “investment
securities” constituting more than 40% of our total assets (exclusive of U.S. government securities and cash items) on an unconsolidated
basis. Our business will be to identify and complete an initial business