Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 1048

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 5
Chunk 1048
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 placed in a trust account (the “Trust Account”), to be invested in U.S. government securities, within
the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”),
with a maturity of 185 days or less, or in any open-ended investment company that holds itself out as a money market fund meeting the
conditions of Rule 2a-7 of the Investment Company Act, as determined by the Company. Except with respect to interest earned on the funds
held in the Trust Account that may be released to the Company to pay its tax obligations, the proceeds from the IPO will not be released
from the Trust Account until the earlier of: (a) the completion of the Company’s initial business combination, or (b) the redemption
of the Company’s Public Shares if the Company is unable to complete its initial business combination in the prescribed time frame.

The Company’s management
has broad discretion with respect to the specific application of the net proceeds of the IPO and the Private Placement Warrants, although
substantially all of the net proceeds are intended to be applied generally toward consummating a business combination. There is no assurance
that the Company will be able to complete a business combination successfully. The Company must complete one or more initial business
combinations having an aggregate fair market value of at least 80% of the assets held in the Trust Account (excluding the taxes payable
on interest earned and less any interest earned thereon that is released for taxes) at the time of the agreement to enter into the initial
business combination. However, the Company will only complete a business combination if the post-transaction company owns or acquires
50% or more of the outstanding voting securities of the target or otherwise acquires an interest in the target sufficient for it not to
be required to register as an investment company under the Investment Company Act 1940.

In connection with any proposed
initial business combination, the Company will either: (1) seek stockholder approval of such initial business combination at a meeting
called for such purpose at which stockholders may seek to convert their shares, regardless of whether they vote for or against the proposed
business combination or do not vote at all, into their pro rata share of the aggregate amount then on deposit in the Trust Account (net
of taxes payable), or (2) provide its stockholders with the opportunity to sell their shares to the Company by means of a tender