Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 8

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 reorganization
or similar business combination with one or more businesses.

On
December 17, 2024, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Xiaoyu Dida Interconnect
International Limited, a Cayman Islands exempted company (“Xiaoyu Dida”), commonly known as Smart Station.

As
of June 30, 2025, the Company has not commenced any operations. All activity for the period from March 3, 2022 (inception) through June
30, 2025, relates to the Company’s formation and the initial public offering (“IPO”) (as described below), as well
as activities necessary to identify a potential target and prepare for a business combination. The Company will not generate any operating
revenues until after the completion of its initial business combination. The Company generates non-operating income in the form of dividend
and interest income from the proceeds derived from the IPO. 

The
Company has selected December 31 as its fiscal year end. The Company’s sponsor is ALWA Sponsor, LLC, a Delaware limited liability
company (the “Sponsor”). 

The
registration statement for the Company’s IPO was declared effective on March 16, 2023. On March 16, 2023, the Company consummated
its IPO of 5,200,000 units (“Units”). On March 17, 2023, the underwriters partially exercised their over-allotment option
and purchased 221,000 additional Units. Each Unit consisted of one share of Class A common stock, $0.0001 par value per share (“Class
A common stock”), and one redeemable warrant exercisable into one share of Class A common stock at an exercise price of $11.50
per share (“Public Warrant”). The Units were sold at an offering price of $10.00 per Unit and generated total gross proceeds
of $54,210,000. 

Simultaneously
with the consummation of the IPO and the sale of the Units, the Company consummated the private placement (“Private Placement”)
of 3,576,900 warrants (each a “Private Placement Warrant” and collectively, the “Private Placement Warrants”)
which were purchased by the Sponsor, at a price of $1.00 per Private Placement Warrant, generating total proceeds of $3,577,000, which
is described in Note 4. 

Transaction