Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 101

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 2
Chunk 101
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 cease
all operations except for the purpose of winding up; (ii) as promptly as reasonably possible, but not more than ten business days
thereafter, redeem the shares of Class A common stock subject to possible redemption, at a per-share price, payable in cash, equal
to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account (less
any income or franchise tax obligations and up to $100,000 of interest to pay dissolution expenses), divided by the number of then
outstanding shares of Class A common stock, which redemption will completely extinguish public stockholders’ rights as stockholders
(including the right to receive further liquidating distributions, if any); and (iii) as promptly as reasonably possible following
such redemption, subject to the approval of the remaining stockholders and the board of directors, liquidate and dissolve, subject in
each case to the Company’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable
law.

31

The
Company’s Initial Stockholders agreed to waive their rights to liquidating distributions from the Trust Account with respect to
any Class B common stock held by them if the Company fails to complete its initial business combination within the Combination Period.
However, if the Initial Stockholders acquire public shares in or after the IPO date, they will be entitled to liquidating distributions
from the Trust Account with respect to such public shares if the Company fails to complete a business combination within the prescribed
time frame. The underwriter has agreed to waive their rights to their deferred underwriting commission (see Note 6) held in the Trust
Account in the event the Company does not complete a business combination within the Combination Period, and, in such event, such amounts
will be included with the other funds held in the Trust Account that will be available to fund the redemption of the public shares. In
the event of such distribution, it is possible that the per share value of the assets remaining available for distribution will be less
than the IPO price per Unit ($10.00).

In
order to protect the amounts held in the Trust Account, the Sponsor has agreed to be liable to the Company if and to the extent any claims
by a third party for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed
entering into a transaction agreement, reduce the amount of funds in the Trust Account to below (1) $