Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 292

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1A
Chunk 292
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 full by the underwriter prior to its expiration
date on April 30, 2023. Following the expiration of the underwriters’ remaining over-allotment option on April 30, 2023, an additional
139,750 Founder Shares were forfeited, resulting in our Sponsor and directors holding an aggregate of 1,355,250 Founder Shares. The number
of Founder Shares issued was determined based on the expectation that such Founder Shares would represent approximately 20% of the outstanding
shares following the Initial Public Offering (excluding the Private Placement Warrants and underlying Class A common stock and the Representative
Shares). The Founder Shares will be worthless if we do not complete an initial business combination.

In addition, our Sponsor, pursuant to a written agreement, purchased
3,576,900 Private Placement warrants at a price of $1.00 per Private Placement Warrant, generating gross proceeds to us of approximately
$3.58 million.

Each Private Placement Warrant is exercisable to purchase one whole
share of common stock at $11.50 per share. These securities will also be worthless if we do not complete an initial business combination.
Holders of Founder Shares have agreed: (A) to vote any shares owned by them in favor of any proposed initial business combination; and
(B) not to redeem any Founder Shares held by them in connection with a stockholder vote to approve a proposed initial business combination.
In addition, we may obtain loans from our Sponsor, affiliates of our Sponsor or an officer or director. The personal and financial interests
of our officers and directors may influence their motivation in identifying and selecting a target business combination, completing an
initial business combination and influencing the operation of the business following the initial business combination.

Risks Relating to Our Securities

You will not have any rights or interests in funds from the trust
account, except under certain limited circumstances. To liquidate your investment, therefore, you may be forced to sell your public shares
or warrants, potentially at a loss.

Our public stockholders will be entitled to receive funds from the
trust account only upon the earliest to occur of: (i) our completion of an initial business combination, and then only in connection with
those shares of Class A common stock that such stockholder properly elected to redeem, subject to the limitations described herein; (ii)
the redemption of any public shares properly submitted in connection with a stockholder vote to amend our Certificate of Incorporation
(A) to modify the substance or timing of our obligation to allow redemption