Company: FORL
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045609
Chunk: 52

Company: Four Leaf Acquisition Corp
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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 directors (collectively, the “Initial Stockholders”) have agreed not to propose any amendment to the Certificate
of Incorporation that would affect the Company’s public stockholders’ ability to convert or sell their shares to the Company
in connection with a business combination as described herein or affect the substance or timing of the Company’s obligation to redeem
100% of its Public Shares if the Company does not complete a business combination by June 22, 2025 unless the Company provides its public stockholders with the opportunity to convert their
shares of Class A common stock upon the approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount
then on deposit in the Trust Account, including interest not previously released to the Company but net of franchise and income taxes
payable up to the interest income from the Trust Account, divided by the number of then outstanding public shares.

Initial Extension of Period to Complete Initial
Business Combination

On March 19, 2024, the Company extended the
period of which it is able to consummate an initial business combination by a period of three months, or until June 22, 2024 (the
“Initial Extension”). In connection with the Initial Extension, the Company’s sponsor deposited an aggregate of $542,100
into the Company’s Trust Account, in return for a convertible note (the “Extension Note”), included in the convertible
note – related party balance as of March 31, 2025 (see Note 5). If the Company does not consummate a business combination, the Extension
Note will not be repaid and all amounts owed under the Extension Note will be forgiven except to the extent that there are funds available
to the Company outside of the Trust Account. The Initial Extension was the first of the two three-month Extensions permitted under the
Company’s governing documents.

28

2024 Special Meeting of the Stockholders

On June 18, 2024, the Company convened a
special meeting of stockholders (the “2024 Special Meeting”), at which the Company’s stockholders approved the amendment
to the Company’s Certificate of Incorporation to provide the Company’s Board of Directors with the right to extend the time
period to complete an initial business combination (the “Combination Period”) up to an additional twelve (12) times for one
(1) month each time from June 22, 2024 to June 22, 2025 (the “Extension”) (the “2024 Extension Amendment Proposal