Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 15

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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or until May 22, 2025 (the “Fourth 2025 Monthly Extension”). In connection with the one-month extension, the Company’s
Sponsor deposited $75,000 into the Company’s Trust Account.

On
May 19, 2025, the Company further extended the period it has to consummate an initial business combination by a period of one month,
or until June 22, 2025 (the “Fifth 2025 Monthly Extension”). In connection with the one-month extension, the Company’s
Sponsor deposited $75,000 into the Company’s Trust Account.

2025
Special Meeting of the Stockholders

On
June 27, 2025, the Company convened a special meeting of stockholders (the “2025 Special Meeting”), at which the Company’s
stockholders approved the amendment to the Company’s Charter to provide the Company’s board of directors with the right to
extend the Combination Period up to an additional twelve (12) times for one (1) month each time from June 22, 2025 to June 22, 2026 (the
“2025 Extension”) (the “2025 Extension Amendment Proposal”). The Company also entered into an amendment (the
“2025 Trust Amendment” and together with the 2025 Extension Amendment Proposal, the “2025 Charter Amendment Proposals”)
to the Trust Agreement. The Trust Amendment allows the Company to extend the Combination Period up to an additional twelve (12) times
for one (1) month each time from June 22, 2025 to June 22, 2026 by depositing into the Trust Account, for each one-month extension, $75,000
(the “Extension Payment”).

In
connection with the 2025 Charter Amendment Proposals, the holders of the Company’s public shares were given the opportunity to
redeem their public shares for a pro rata share of the funds on deposit in the Trust Account, including any interest earned on the Trust
Account deposits (net of taxes payable), divided by the number of then outstanding public shares. Stockholders holding 1,708,386 Public
Shares exercised their right to redeem such shares for a pro rata portion of the funds in the Company’s Trust Account. As a result,
approximately $19.9 million (approximately $11.62 per share) of funds were restricted for payment to the redeeming shareholders. As of
June 30, 2025, the redemption payment had yet to