Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 17

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 completely extinguish public stockholders’ rights as stockholders
(including the right to receive further liquidating distributions, if any); and (iii) as promptly as reasonably possible following
such redemption, subject to the approval of the remaining stockholders and the board of directors, liquidate and dissolve, subject in
each case to the Company’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable
law.

The
Company’s Initial Stockholders agreed to waive their rights to liquidating distributions from the Trust Account with respect to
any Class B common stock held by them if the Company fails to complete its initial business combination within the Combination Period.
However, if the Initial Stockholders acquire public shares in or after the IPO date, they will be entitled to liquidating distributions
from the Trust Account with respect to such public shares if the Company fails to complete a business combination within the prescribed
time frame. The underwriter has agreed to waive their rights to their deferred underwriting commission (see Note 6) held in the Trust
Account in the event the Company does not complete a business combination within the Combination Period, and, in such event, such amounts
will be included with the other funds held in the Trust Account that will be available to fund the redemption of the public shares. In
the event of such distribution, it is possible that the per share value of the assets remaining available for distribution will be less
than the IPO price per Unit ($10.00).

In
order to protect the amounts held in the Trust Account, the Sponsor has agreed to be liable to the Company if and to the extent any claims
by a third party for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed
entering into a transaction agreement, reduce the amount of funds in the Trust Account to below (1) $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the value of the trust assets, in each case net of the interest which may be withdrawn to pay taxes.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