Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 1045

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 5
Chunk 1045
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 obligations of the parties to consummate the Merger are subject to the satisfaction or waiver of certain customary
closing conditions of the respective parties, including, without limitation: (i) receipt of the Company’s stockholder approval and
Xiaoyu Dida stockholder approval; (ii) the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements
Act of 1976, as amended; (iii) no provisions of any applicable Law and no Order (each as defined in the Merger Agreement) shall prohibit
or prevent the consummation of the Closing; (iv) all consents, approvals and actions of, filings with and notices to any Governmental
Authority required to consummate the transactions, including without limitation, the CSRC Filing Notice (as defined in the Merger Agreement),
shall have been made or obtained; (v) the effectiveness of the Registration Statement under the Securities Act; (vi) the Company having
at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act); (vii) the
common stock of Xiaoyu Dida to be issued pursuant to the Merger Agreement being listed or having been approved for listing on Nasdaq;
(viii) solely with respect to the Company (A) the representations and warranties of Xiaoyu Dida being true and correct to applicable standards
in the Merger Agreement and each of the covenants of Xiaoyu Dida having been performed or complied with in all material respects, and
(B) since the date of the Merger Agreement there not having been a material adverse effect on Xiaoyu Dida that is continuing; and (ix)
solely with respect to Xiaoyu Dida, (A) the representations and warranties of the Company being true and correct to applicable standards
in the Merger Agreement and each of the covenants of the Company having been performed or complied with in all material respects, (B)
since the date of the Merger Agreement there not having been a material adverse effect on the Company that is continuing, and (C) the
effective resignations of certain directors and executive officers of the Company. The Merger Agreement does not include a minimum cash
condition. Because the parties’ obligations to consummate the Merger are subject to the satisfaction or waiver of these, and other,
conditions, there is no guarantee that the Merger will be