Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 29

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 1
Chunk 29
---

results and cash flows for the periods presented.

The
accompanying unaudited condensed financial statements should be read in conjunction with the Company’s audited financial statements
and notes thereto for the year ended December 31, 2024, included in the Company’s Form 10-K as filed with the SEC on April 30,
2025. The interim results for the three and six months ended June 30, 2025, are not necessarily indicative of the results to be expected
for the year ending December 31, 2025, or for any future periods. 

14

Use
of Estimates 

The
preparation of the unaudited condensed financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited
condensed financial statements. Significant estimates include the excise tax liability in connection with redemptions of Class A common
stock that occurred at the 2025 Special Meeting and the 2024 Special Meeting. Actual results could differ from those estimates. 

Emerging
Growth Company 

The
Company is an “emerging growth company”, as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our
Business Startups Act of 2012, (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements
that are applicable to other public companies that are not “emerging growth companies” including, but not limited to, not
being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, reduced disclosure
obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding
a non-binding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved.

Further,
Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting
standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do
not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting
standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements
that apply to non-emerging