Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 1373

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 7
Chunk 1373
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 value and expire worthless,
in which case the purchaser of a Unit containing such Public Warrants shall have paid the full purchase price for the Unit solely for
the shares of Class A common stock underlying such Unit. Warrants may not be exercised by, or securities issued to, any registered holder
in any state in which such exercise would be unlawful. 

The Warrants
will expire five years after the completion of a business combination or earlier upon redemption or liquidation. 

Once the
Warrants become exercisable, the Company may redeem the outstanding Warrants: 

    ● in whole and not in part;           ● at a price of $0.01 per warrant;           ● upon not less than 30 days’ prior written notice of redemption given after the warrants become exercisable (the “30-day redemption period”) to each warrant holder; and           ● if, and only if, the reported last sale price of the Class A common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, rights issuances, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period commencing once the warrants become exercisable and ending three days before the Company sends the notice of redemption to the warrant holders. 

If the Company
calls the warrants for redemption as described above, the Company’s management will have the option to require all holders that
wish to exercise warrants to do so on a “cashless basis.” In determining whether to require all holders to exercise their
warrants on a “cashless basis,” the Company’s management will consider, among other factors, the cash position, the
number of warrants that are outstanding and the dilutive effect on the Company’s stockholders of issuing the maximum number of shares
of Class A common stock issuable upon the exercise of the warrants. In such event, each holder would pay the exercise price by surrendering
the warrants for that number of shares of Class A common stock equal to the quotient obtained by dividing (x) the product of the number
of shares of Class A common stock underlying the warrants, multiplied by the difference between the exercise price of the warrants and
the “fair market value” (defined below) by (y) the fair market value. The “fair market value” for this purpose
shall mean the average reported last sale price of the Class A common stock for the 10 trading days ending on