Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 205

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 205
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’s Common Stock will be suspended
and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing
and registration on The Nasdaq Stock Market.

On April 21, 2025, the Company received another
notice from Nasdaq, which notified the Company that its failure to pay certain fees required by Listing Rule 5250(f) serves an additional
basis for delisting the Company’s securities from Nasdaq unless the Company appeals this determination.

The Company fully intends
to timely appeal such determinations pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series to stay the suspension
of the Company’s securities and the filing of the Form 25-NSE pending the Panel’s decision.

F-13

Going
Concern Consideration

The $28,407
held outside of the Trust Account will not be sufficient to allow the Company to operate for at least the next 12 months from the issuance
of these financial statements, assuming that a business combination is not consummated during that time. Giving effect to the 2024 Charter
Amendment Proposals discussed above, the Company has until May 22, 2025 (or June 22, 2025 if the additional extensions are afforded
to the Company under the terms of the Extension), to complete an initial business combination,
subject to the Company making the required Trust Account deposits. If an initial business combination is not consummated by May 22,
2025 (or June 22, 2025 if the additional extensions are afforded to the Company under the terms of the Extension),
there will be a mandatory liquidation and subsequent dissolution of the Company. The Company may need to raise additional capital through
loans or additional investments from its Sponsor, stockholders, officers, directors, or third parties. The Company’s officers,
directors and Sponsor may, but are not obligated to, loan the Company funds, from time to time or at any time, in whatever amount they
deem reasonable in their sole discretion, to meet the Company’s working capital needs and provide for the required monthly extension
Trust Account deposits. Accordingly, the Company may not be able to obtain additional financing. If the Company is unable to raise additional
capital, it may be required to take additional measures to conserve liquidity, which could include, but not necessarily be limited to,
curtailing operations, suspending the pursuit of a potential transaction, and reducing overhead expenses. The Company cannot provide