Company: FORL
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001213900-25-054453
Chunk: 21

Company: Four Leaf Acquisition Corp
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 21
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 time to consummate an initial business combination. On December 17, 2024, We entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among Four Leaf, Xiaoyu Dida Interconnect International Limited, an exempted company incorporated in the Cayman Islands with limited liability (“Xiaoyu Dida”), Xiaoyu Dida Merger Sub, Inc., a Delaware corporation and a wholly -ownedsubsidiary of Xiaoyu Dida (“Merger Sub 1”), and Xiaoyu Dida (USA) Company, Inc., a Delaware corporation and a wholly -ownedsubsidiary of Xiaoyu Dida (“Merger Sub 2”). Upon the closing of the transactions contemplated by the Merger Agreement, (i) Merger Sub1, will be merged with and into Four Leaf (“Merger 1”), with Four Leaf being the surviving company and becoming a wholly -ownedsubsidiary of Xiaoyu Dida. Four Leaf, in its capacity as the surviving entity of Merger1, is referred to for the periods from and after Merger 1 as the “Merger 1 Surviving Corporation”); and (ii) immediately following the consummation of Merger1, the Merger 1 Surviving Corporation will be merged with and into Merger Sub 2 (“Merger 2” and, collectively with Merger1, the 3 “Mergers”), with Merger Sub 2 being the surviving company and becoming a wholly -ownedsubsidiary of Xiaoyu Dida (Merger Sub2, in its capacity as the surviving entity of Merger2, is referred to for the periods from and after Merger 2 as the “Merger 2 Surviving Corporation”). While the parties are actively seeking to close the business combination pursuant the Merger Agreement, our Board currently believes that there will not be sufficient time before the Current Termination Date to complete an initial business combination. Accordingly, our Board believes that the Extension is necessary in order to be able to consummate a business combination. Therefore, our Board has determined that it is in the best interests of our stockholders to extend the date by which we must consummate an initial business combination up to the Amended Termination Date. We believe that given our expenditure of time, effort and capital resources on searching for potential business combination opportunities, circumstances warrant giving us additional time to identify a business combination target and provide public stockholders an opportunity to consider an initial