Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 70

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 70
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Shares. The Founder Shares are convertible into shares of Class A Common Stock on a one-for-one basis, subject to adjustment as set forth
herein. In addition, if our Sponsor or its affiliates, or any of our officers or directors, makes any Working Capital Loans, up to $2,000,000
of such loans may be converted into Private Placement-equivalent warrants at a price of $1.00 per warrant (which, for example, would result
in the holders being issued 2,000,000 warrants if $2,000,000 of notes were so converted), at the option of the lender. Such warrants would
be identical to the Private Placement Warrants, including as to exercise price, exercisability and exercise period.

36

To the extent we issue shares of Class A Common Stock to effectuate
an initial business combination, the potential for the issuance of a substantial number of additional shares of Class A Common Stock upon
conversion of these rights or exercise of these warrants could make us a less attractive business combination vehicle to a target business.
Any such issuance will increase the number of issued and outstanding shares of our Class A Common Stock and reduce the value of the shares
of Class A Common Stock issued to complete the initial business combination. Therefore, our Warrants and Founder Shares may make it more
difficult to effectuate an initial business combination or increase the cost of acquiring the target business.

The Private Placement Warrants are identical to the warrants sold as
part of the Units in our Initial Public Offering except that, so long as they are held by our Sponsor or its permitted transferees, (i)
they will not be redeemable by us, (ii) they (including the Class A Common Stock issuable upon exercise of these warrants) may not, subject
to certain limited exceptions, be transferred, assigned or sold by our Sponsor until 30 days after the completion of our initial business
combination and (iii) they may be exercised by the holders on a cashless basis.

A provision of our warrant agreement may make it more difficult
for us to consummate an initial business combination.

Unlike most blank check companies, if: (i) we issue additional shares
of Class A common stock or equity-linked securities for capital raising purposes in connection with the closing of our initial business
combination at a Newly Issued Price of less than $9.20 per share; (ii) the aggregate gross proceeds from such issuances represent more
than 60% of the total equity proceeds,