Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 815

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 3
Chunk 815
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 with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer
rules. Additionally, each public stockholder may elect to redeem their Public Shares irrespective of whether they vote for or against
the proposed transaction.

69

Notwithstanding the foregoing
redemption rights, if the Company seeks stockholder approval of its initial business combination and the Company does not conduct redemptions
in connection with its initial business combination pursuant to the tender offer rules, the Certificate of Incorporation will provide
that a public stockholder, together with any affiliate of such stockholder or any other person with whom such stockholder is acting in
concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 15% of the shares sold in the IPO
(“Excess Shares”). However, the Company’s stockholders will not be restricted to vote all of their shares (including
Excess shares) for or against the initial business combination. Additionally, such stockholders will not receive redemption distributions
with respect to the Excess Shares if the Company completes the initial business combination.

The Company’s Sponsor,
officers and directors (collectively, the “Initial Stockholders”) have agreed not to propose any amendment to the Certificate
of Incorporation that would affect the Company’s public stockholders’ ability to convert or sell their shares to the Company
in connection with a business combination as described herein or affect the substance or timing of the Company’s obligation to redeem
100% of its Public Shares if the Company does not complete a business combination by May 22, 2025 (or
June 22, 2025 if the additional extensions options are exercised by the Company) unless the Company provides its public stockholders with
the opportunity to convert their shares of Class A common stock upon the approval of any such amendment at a per-share price, payable
in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest not previously released to the Company
but net of franchise and income taxes payable up to the interest income from the Trust Account, divided by the number of then outstanding
public shares.

Initial
Extension of Period to Complete Initial Business Combination

On March
19, 2024, the Company extended the period of which it is able to consummate an initial business combination by a period of three months,
or until June