Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 19

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 A common stock and one
redeemable Public Warrant issued by the Company to purchase shares of Class A common stock at a price of $11.50 per whole share
outstanding immediately prior to the Merger 1 Effective Time shall be automatically detached and the holder thereof shall be deemed to
hold one share of Class A common stock and one Public Warrant in accordance with the terms of the applicable Units (the “Unit Separation”). 

Immediately
after giving effect to the Unit Separation and the conversion of Four Leaf’s Class B common stock into one share of Four Leaf’s
Class A common Stock, at the Merger 1 Effective Time, each share of Class A common stock issued and outstanding immediately prior to
the Merger 1 Effective Time (other than any shares of Class A common stock held by the Company as treasury stock and any shares of Class
A common stock subject to redemption) shall automatically be cancelled in exchange for the right to receive, upon delivery of the applicable
letter of transmittal (if any), one Class A ordinary share, par value of $0.00005 per share, of Xiaoyu Dida (the “Xiaoyu Dida
Class A Ordinary Shares”) (the “Merger Consideration”).

At
the Merger 1 Effective Time, each Warrant outstanding immediately prior to the Merger 1 Effective Time shall cease to be a warrant with
respect to the Class A common stock and shall be assumed by Xiaoyu Dida and converted into a Warrant to purchase one Xiaoyu Dida Class
A Ordinary Share (each, a “Xiaoyu Dida Warrant”) pursuant to the terms of a warrant assignment, assumption and amendment
agreement to be entered into between the Company, Xiaoyu Dida and CST (the “Warrant Assumption Agreement”). Each Xiaoyu Dida
Warrant shall continue to have and be subject to substantially the same terms as were applicable to the Company’s Warrants in effect
immediately prior to the Merger 1 Effective Time under the terms of that certain Warrant Agreement, dated March 16, 2023, by and
between the Company and CST, as warrant agent (including any repurchase rights and cashless exercise provisions). At or prior to the
Merger 1 Effective Time, Xiaoyu Dida shall take all corporate action necessary to reserve for future issuance, and shall maintain such
reservation for so long as any of