Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 694

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 2
Chunk 694
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shall not have been obtained by reason of the failure to obtain the required vote upon a vote held at the special meeting or any adjournment
or postponement thereof; or

(vii)by the Company if Xiaoyu Dida shareholder approval shall not have
been obtained by reason of the failure to obtain the required vote at the general meeting duly convened therefor or at any adjournment
or postponement thereof.

If the Merger
Agreement is validly terminated, none of the parties to the Merger Agreement will have any liability or further obligation under the Merger
Agreement.

Our sponsor is ALWA Sponsor
LLC (the “Sponsor”), a Delaware limited liability company.

The registration statement
for the Company’s initial public offering (“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 consists of one share of Class A common stock, $0.0001 par value per share (“Class
A common stock” or “Public Shares”), 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, generating
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
(“Private Placement Warrants”) to the Sponsor at a price of approximately $1.00 per Placement Warrant, generating total proceeds
of $3,577,000.

Transaction costs amounted
to $4,019,087 consisting of $2,710,500 of underwriting commissions, the Representative Shares (as defined below), and $1,038,067 of other
offering costs. At the IPO date, cash of $974,028 was held outside of the Trust Account (as defined below) and is available for the payment
of the Note (as defined herein) when necessary, payment of accrued offering costs and for working capital purposes.

In conjunction with this Public
Offering, the Company issued to the underwriter