Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 62

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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 initial business combination, to the extent that our capital stock or debt is used, in whole or in part, as consideration
to complete its initial business combination. We may also withdraw dividend and interest income earned in the Trust Account to pay income
and franchise taxes.

32

During
the year ended December 31, 2024, the Company withdrew $1,031,029 of interest and dividend income earned in the Trust Account for payment
of the Company’s franchise and income tax liabilities. As of June 30, 2025 and December 31, 2024, $117,610 and $99,006, respectively,
of the funds were inadvertently used for the payments of general operating expenses. The Company is expected to replenish these amounts
via a Working Capital Loan from its Sponsor or another similar type of financing.

During
August of 2025, the Company withdrew an additional $271,346 of interest and dividend income earned in the Trust Account for payment of
the Company’s franchise and income tax liabilities.

The
Initial Stockholders have agreed not to propose any amendment to our Certificate of Incorporation that would affect our public stockholders’
ability to convert or sell their shares to us in connection with a business combination as described herein or affect the substance or
timing of our obligation to redeem 100% of our Public Shares if we do not complete a business combination by September 22, 2025
(or June 22, 2026 if the additional extensions are afforded to the Company under the terms of the
2025 Extension) unless we provide our public stockholders with the opportunity to redeem 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 net of franchise and income taxes payable, divided by the number of
then outstanding Public Shares.

The
$9,804 held outside of the Trust Account as of June 30, 2025 will not be sufficient to allow the Company to operate for at least
the next 12 months from the issuance of these unaudited condensed financial statements, assuming that a business combination is not consummated
during that time. Giving effect to the 2025 Charter Amendments discussed above, the Company has until September 22, 2025 (or
June 22, 2026 if the additional extensions are afforded to the Company under the terms of the 2025