Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 191

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 191
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 Dida”), commonly known as Smart Station.

As of December
31, 2024, the Company had not commenced any operations. All activity for the period from March 3, 2022 (inception) through December 31,
2024, 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
costs amounted to $4,019,087 consisting of $2,710,500 of underwriting commissions, $813,150 of which was paid out within three days of
the IPO date, the Representative Shares (as defined below), and $1,038,067 of other offering costs. At the IPO date, cash of $974,