Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 64

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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 activity has been limited to the search for a prospective initial business combination. The Company will
not generate any operating revenues until the closing and completion of an initial business combination, at the earliest.

For
the three months ended June 30, 2025, the Company had net loss of $88,824, which was primarily related to $320,723 of dividend and
interest income earned in the Trust Account, offset by $343,812 of formation and general and administrative costs and $65,735 of income
tax expense. For the three months ended June 30, 2024, we had net income of $166,656, which was primarily related to $737,335 of
dividend and interest income earned in the Trust, offset by $424,028 of formation and operating costs and $146,651 of income tax expense.

33

For
the six months ended June 30, 2025, the Company had net loss of $148,054, which was primarily related to $637,205 of dividend and
interest income earned in the Trust Account, offset by $658,628 of formation and general and administrative costs and $126,631 of income
tax expense. For the six months ended June 30, 2024, the Company had a net income of $297,258, which was primarily related to $1,495,275
of dividend and interest income earned in the Trust Account, offset by $876,445 of formation and operating costs and $321,572 of income
tax expense.

Formation
and operating costs decreased during the three and six months ended June 30, 2025 as compared to the three and six months ended June
30, 2024 primarily due to the decreases in accounting and legal expenses. The dividend and interest income decreased for the three and
six months ended June 30, 2025 as compared to the three and six months ended June 30, 2024 due a decreased balance in the Trust Account
as a result of the redemptions that occurred on June 18, 2024. Income tax expense for the three and six months ended June 30, 2025 decreased
in line with the decrease in dividend and interest income earned in the Trust Account.

Commitments
and Contractual Obligations

Registration
Rights

The
holders of the Founder Shares, Private Placement Warrants, warrants that may be issued upon conversion of Working Capital Loans, any
shares of Class A common stock issuable upon