Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 894

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 3
Chunk 894
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, these warrants were excluded when calculating diluted income per share as the contingencies associated
with the warrants had not been satisfied as of the end of the reporting periods presented. As a result, diluted income per share is
the same as basic income per share for the periods presented.

F-16

A reconciliation of net income
per share is as follows for the year ended December 31, 2024:

    Class A subject to possible redemption  
    Class A Perm  
    Class B 
  
    Allocation of undistributable income 
    $297,005  
    $4,086  
    $102,173 
  
    Weighted average shares outstanding, basic and diluted 
     3,939,567  
     54,210  
     1,355,250 
  
    Basic and diluted net income per share 
    $0.08  
    $0.08  
    $0.08 

A reconciliation
of net income per share is as follows for the year ended December 31, 2023:

    Class A subject to possible redemption  
    Class A Perm  
    Class B 
  
    Allocation of undistributable income 
    $631,939  
    $6,319  
    $196,527 
  
    Weighted average shares outstanding, basic and diluted 
     4,321,342  
     43,213  
     1,343,897 
  
    Basic and diluted net income per share 
    $0.15  
    $0.15  
    $0.15 

Marketable
Securities Held in Trust Account 

On December
31, 2024, the assets held in the Trust Account were substantially held in a treasury trust fund investing in U.S. Treasury Bills and U.S.
Treasury Notes. These securities are presented on the balance sheets at fair value at the end of each reporting period. Earnings on these
securities are included in dividend and interest income in the accompanying statements of operations and are automatically reinvested.
The fair value for these securities is determined using quoted market prices in active markets. 

During the
years ended December 31, 2024 and 2023, the Company withdrew $1,031,029 and $0, respectively, of investment income from the Trust Account
to pay its tax obligations. As of December 31, 2024, $99,006 of the funds were