Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 55

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 55
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. business. FIRRMA and subsequent implementing regulations that are
now in force also subject certain categories of investments to mandatory filings. If our potential initial business combination with a
U.S. business falls within the scope of foreign ownership restrictions, we may be unable to consummate a business combination with such
business.

CFIUS has jurisdiction to review transactions that could result in
control of a U.S. business directly or indirectly by a foreign person, certain non-controlling investments that afford the foreign investor
non-passive rights in a “TID U.S. business” (defined as a U.S. business that (1) produces, designs, tests, manufactures, fabricates,
or develops one or more critical technologies; (2) owns or operates certain critical infrastructure; or (3) collects or maintains directly
or indirectly sensitive personal data of U.S. citizens), and certain acquisitions, leases, and concessions involving real estate even
with no underlying U.S. business. Certain categories of acquisitions of and investments in a U.S. business also may be subject to a mandatory
notification requirement.

28

If any future initial business combination with a U.S. target company
falls within the scope of CFIUS review, CFIUS could decide to block or delay the business combination, impose conditions with respect
to the business combination or request the President of the United States to order us to divest all or a portion of any U.S. target business
of the business combination that we acquired without first obtaining CFIUS approval. The foreign ownership limitations, and the potential
impact of CFIUS, may limit the attractiveness of a transaction with us or prevent us from pursuing certain initial business combination
opportunities that we believe would otherwise be beneficial to us and our stockholders. As a result, the pool of potential targets with
which we could complete an initial business combination may be limited and we may be adversely affected in terms of competing with other
special purpose acquisition companies which do not have similar foreign ownership issues.

Moreover, the process and time required for CFIUS to conduct its review
and any remedy imposed by CFIUS could be lengthy and may prevent us from completing our initial business combination within the requisite
time period. Following our determination to exercise the first extension option, we must complete our initial business combination by
May 22, 2025 (or June 22, 2025, if we fully extend the period of time to consummate a business combination). Consequently, since we
only have