Company: FORL
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045609
Chunk: 21

Company: Four Leaf Acquisition Corp
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 going concern.

Risks
and Uncertainties 

Results
of operations and the Company’s ability to complete an initial business combination may be adversely affected by various factors
that could cause economic uncertainty and volatility in the financial markets, many of which are beyond its control. The business could
be impacted by various social and political circumstances in the U.S. and around the world (including wars and other forms of conflict,
and other uncertainties regarding actual and potential shifts in the U.S. and foreign, trade, economic and other policies with other countries,
terrorist acts, security operations and catastrophic events such as fires, floods, earthquakes, tornadoes, hurricanes and global health
epidemics), may also contribute to increased market volatility and economic uncertainties or deterioration in the U.S. and worldwide.
More specifically, uncertainties regarding elevated inflation and interest rates, and changes in countries’ trade policies and tariffs,
including rising trade tensions between the United States and China, could have a material adverse effect on the Company’s ability
to complete a Business Combination and the value of the Company’s securities. The Company cannot at this time fully predict the
likelihood of one or more of the above events, their duration or magnitude or the extent to which they may negatively impact our
business and our ability to complete an Initial Business Combination. The Company’s unaudited
condensed financial statements do not include any adjustments that might result from the outcome of these uncertainties.

Inflation
Reduction Act of 2022 

On August
16, 2022, the Inflation Reduction Act of 2022 (the “IRA”) was signed into federal law. The IRA provides for, among other things,
a new U.S. federal 1% excise tax on certain repurchases of stock by publicly traded U.S. domestic corporations and certain U.S. domestic
subsidiaries of publicly traded foreign corporations occurring on or after January 1, 2023. The excise tax is imposed on the repurchasing
corporation itself, not its shareholders from which shares are repurchased. The amount of the excise tax is generally 1% of the fair market
value of the shares repurchased at the time of the repurchase. However, for purposes of calculating the excise tax, repurchasing corporations
are permitted to net the fair market value of certain new stock issuances against the fair market value of stock repurchases during the
same taxable year. In addition, certain exceptions apply to the excise tax. The U.S. Department