Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 44

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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collectively, the
“Warrants”) were outstanding. The Warrants were issued in the same form at the IPO date. Each Public Warrant and Private
Placement Warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50 per share. 

In
addition, if (x) the Company issues additional shares of Class A common stock or equity-linked securities for capital raising purposes
in connection with the closing of the initial business combination at a newly issued price of less than $9.20 per share of Class A common
stock (with such issue price or effective issue price to be determined in good faith by the Board of Directors and, in the case of any
such issuance to the Sponsor or its affiliates, without taking into account any founder shares held by the Sponsor or such affiliates,
as applicable, prior to such issuance), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity
proceeds, and interest thereon, available for the funding of the initial business combination on the date of the consummation of the
initial business combination (net of redemptions), and (z) the Market Value is below $9.20 per share, then the exercise price of the
Warrants will be adjusted (to the nearest cent) to be equal to 115% of the greater of the Market Value and the newly issued price, and
the $18.00 per share redemption trigger price described below will be adjusted (to the nearest cent) to be equal to 180% of the greater
of the Market Value and the newly issued price. 

The
Warrants will become exercisable 30 days after the completion of a business combination. However, no Warrant shall be exercisable for
cash and the Company shall not be obligated to issue shares of common stock upon exercise of a Warrant unless the common stock issuable
upon such Warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence
of the registered holder of the Warrants. In the event that the condition in the immediately preceding sentence is not satisfied with
respect to a Warrant, the holder of such Warrant shall not be entitled to exercise such Warrant for cash and such Warrant may have no
value and expire worthless, in which case the purchaser of a Unit containing such Public Warrants shall have paid the full purchase price
for the Unit solely for the shares of Class